What term means to move money from one account to another?

Unlock all questions

This demo includes only 20 questions. Upgrade to access hundreds of questions, flashcards, exam simulations, and disable ads.

Full question bankExam simulationsFlashcards
From $9.99Unlock all

Prepare for the 6th Grade Financial Literacy Test with engaging quizzes and comprehensive study material. Each section includes interactive questions and detailed explanations to help students master financial concepts. Start practicing today!

Multiple Choice

What term means to move money from one account to another?

Explanation:
Moving money from one account to another is called a transfer. It describes the action of shifting funds from one place to another, such as moving money from checking to savings or sending money to someone else's account. The other terms don’t describe that action: a check register is simply a record of transactions you’ve made; online banking is the service that lets you view and manage accounts online; salary is the money you earn from work. So transfer is the best word for this idea.

Moving money from one account to another is called a transfer. It describes the action of shifting funds from one place to another, such as moving money from checking to savings or sending money to someone else's account. The other terms don’t describe that action: a check register is simply a record of transactions you’ve made; online banking is the service that lets you view and manage accounts online; salary is the money you earn from work. So transfer is the best word for this idea.

More Multiple Choice Questions
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy