25
QuizMultiple Choice

Topic Test

Question 25 • Academy- Financial Algebra A 27

Michael is making a deposit with a check and wants cash back. His deposit slip has his name, his account number, the date, the amount of the check, the amount of cash that he wants, his signature, and what else?

Answer
A
his date of birth
B
his social security number
C
the net deposit amount
D
the balance of money in the account

Explanation

A deposit slip records how much money is actually being added to the account. Since Michael wants cash back, subtract the cash he receives from the check amount; the result is the net deposit amount. His date of birth and Social Security number are not needed, and the account balance is not part of the deposit calculation.

AI-written and checked against the verified answer.

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