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5 Written questions

5 Matching questions

  1. commercial bank
  2. bank statement
  3. credit union
  4. cashier's checks
  5. check register
  1. a full service banks; offer a wide range of financial services from schecking accounts to loans to safe deposit boxes and trust accounts
  2. b the report the bank will send (mail or email) you on the status of your account
  3. c user-owned, not-for-profit, serving members only
  4. d a separate book, usually the same size as the checkbook, used for recording account activities
  5. e a check that a bank draws on its own funds; it costs the purchaser the amount of the check plus a fee

5 Multiple choice questions

  1. checks that have not been deducted from the bank statement balance
  2. protects depositor's money in case of the failure of a bank; up to $250,000.00
  3. a form of payment that orders the issuing agency to pay the amount printed on the form to another party
  4. do not take or hold deposits; earn their money selling specific services or policies
  5. accept deposits from people and businesses and use the deposits to finance their business

5 True/False questions

  1. stop payment ordera form of payment that orders the issuing agency to pay the amount printed on the form to another party

          

  2. certified checka personal check for which a bank has guaranteed payment

          

  3. drawerthe owner of the account who signs the check

          

  4. traveler's checksspecial forms designed for making payments when away from home; helpful when traveling so you do not have to carry cash

          

  5. draweethe bank or other financial institution that pays the check

          

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