NAME

Question types


Start with


Question limit

of 23 available terms

Advertisement Upgrade to remove ads
Print test

5 Written questions

5 Matching questions

  1. on us check
  2. direct deposit
  3. Demand deposit
  4. deposit
  5. Delivery
  1. a program whereby a check issuer delivers the check directly to the payee's bank for credit to his or her account
  2. b a term used by a bank for a check drawn on the bank and presented to that bank for deposit or payment
  3. c to leave money or items with a bank for credit to a bank account
  4. d transfer of the possession of an item from one person to another
  5. e funds that are available to the customer at any time and that require no advance notice of withdrawal, usually drawn against by writing checks

5 Multiple choice questions

  1. the amount paid by a borrower to a lender in exchange for the use of the lender's money over a certain period
  2. indicates that the drawer's account balance is less than the amount of a check or withdrawal order presented for payment
  3. the percentage rate charged for the use of money, usually quoted on an annual basis
  4. loan on which the principal and the finance charges are repaid in fixed payments for a predetermined number of months
  5. the exchange of money for a promise to repay at a later date or for an ownership share in a business venture

5 True/False questions

  1. holdbusiness contract by which a borrower and lender enter into an agreement

          

  2. megotiable order of withdrawal (now) accountloan on which the principal and the finance charges are repaid in fixed payments for a predetermined number of months

          

  3. difficult customera result of unmet customer expectations and a cause of reduced business

          

  4. maturityperson who signs and delivers (executes) a note or other promise to pay

          

  5. financingcharging a fee for the use of money

          

Create Set