Which instrument is used to move funds between accounts by directing a bank to pay a specified amount?

• A. Check
• B. Balance
• C. ATM
• D. Bank Statement

Answer: (A)

Moving funds between accounts by directing a bank to pay a specific amount is accomplished with a check. A check is a written order from the account holder that tells the bank to pay a named person or entity a designated sum from the drawer’s account. When the check is presented, the bank transfers those funds to the payee, either by deposit or cashing the check. This is distinct from merely knowing the balance (which is just the amount available in the account) or using an ATM (which relies on electronic transfers or cash withdrawals rather than a written payment order). A bank statement, on the other hand, is simply a record of transactions and does not move money.