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deposits and depositories part 2 Test

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5 Written Questions

5 Matching Questions

  1. on us check
  2. on other check
  3. lending
  4. interest rate
  5. ending cash
  1. a a term used by a bank for a check drawn on the bank and presented to that bank for deposit or payment
  2. b the percentage rate charged for the use of money, usually quoted on an annual basis
  3. c a bank's term for a check presented to it for deposit or payment but drawn on another bank
  4. d cash in teller's drawer at the end of the day
  5. e charging a fee for the use of money

5 Multiple Choice Questions

  1. funds that are available to the customer at any time and that require no advance notice of withdrawal, usually drawn against by writing checks
  2. program whereby a check issuer delivers the check directly to the payee's bank for credit to his or her account
  3. a result of unmet customer expectations and a cause of reduced business
  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. holdthe restriction of payment of part or all of the funds in an account


  2. financingcharging a fee for the use of money


  3. loanthe restriction of payment of part or all of the funds in an account


  4. nonsufficient funds (nsf)a customer who presents problems that cannot be solved, expresses anger, or displays disruptive behavior


  5. Deliveryto leave money or items with a bank for credit to a bank account


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