19. mark whether each action will increase or decrease the balance in your checking account.\ndeposit cash…

19. mark whether each action will increase or decrease the balance in your checking account.\ndeposit cash at a local bank branch\nmake a purchase with your debit card\nmobile deposit a check\ntransfer money from another account\npay a bill through your online account\nwithdraw cash from an atm\n20. for each scenario, identify which form of payment would be best to use.\n a. youre splitting a restaurant bill with three friends after dinner:\n b. you want to give your cousin a $25 birthday gift they can use at their favorite clothing store:\n c. you dont have a bank account but want a safe way to make everyday purchases:\n d. youre checking out quickly at the grocery store and prefer not to carry your physical debit card:\n i. prepaid ca\n ii. gift card\n iii. peer - to - i\n paymen\n iv. mobile

19. mark whether each action will increase or decrease the balance in your checking account.\ndeposit cash at a local bank branch\nmake a purchase with your debit card\nmobile deposit a check\ntransfer money from another account\npay a bill through your online account\nwithdraw cash from an atm\n20. for each scenario, identify which form of payment would be best to use.\n a. youre splitting a restaurant bill with three friends after dinner:\n b. you want to give your cousin a $25 birthday gift they can use at their favorite clothing store:\n c. you dont have a bank account but want a safe way to make everyday purchases:\n d. youre checking out quickly at the grocery store and prefer not to carry your physical debit card:\n i. prepaid ca\n ii. gift card\n iii. peer - to - i\n paymen\n iv. mobile

Answer

Explanation:

Step1: Analyze deposit actions

Depositing cash, mobile - depositing a check and transferring money from another account add money to the checking account.

Step2: Analyze withdrawal and payment actions

Making a purchase with a debit card, paying a bill online and withdrawing cash from an ATM take money out of the checking account.

Step3: Analyze payment - method scenarios

a. Splitting a bill with friends is best done with peer - to - peer payment for easy splitting. b. A gift card is ideal for giving a gift to be used at a specific store. c. A prepaid card is a good option for those without a bank account to make purchases. d. Mobile payment is convenient when not wanting to carry a physical debit card.

Answer:

Action INCREASE DECREASE
Deposit cash at a local bank branch X
Make a purchase with your debit card X
Mobile deposit a check X
Transfer money from another account X
Pay a bill through your online account X
Withdraw cash from an ATM X

a. III. Peer - to - Peer Payment b. II. Gift Card c. I. Prepaid Card d. IV. Mobile Payment