NAME

Question types


Start with


Question limit

of 25 available terms

Advertisement Upgrade to remove ads
Print test

5 Written questions

5 Matching questions

  1. safe deposit boxes
  2. commercial bank
  3. depository institution
  4. restrictive endorsement
  5. drawee
  1. a banks offer these for storage of valuables
  2. b the bank or other financial institution that pays the check
  3. c accept deposits from people and businesses and use the deposits to finance their business
  4. d full service banks; offer a wide range of financial services from schecking accounts to loans to safe deposit boxes and trust accounts
  5. e limits the use of the check to the purpose given in the endorsement

5 Multiple choice questions

  1. a separate book, usually the same size as the checkbook, used for recording account activities
  2. allows you to transfer a check to another person
  3. checks that have not been deducted from the bank statement balance
  4. document created to show how the bank statement and your check register are brought into balance (equal one another)
  5. a nationwide banking plan set up by the federal government to supervise and regulate member banks

5 True/False questions

  1. credit unionprotects depositor's money in case of the failure of a bank; up to $250,000.00

          

  2. bank statementthe report the bank will send (mail or email) you on the status of your account

          

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

          

  4. FDICprotects depositor's money in case of the failure of a bank; up to $250,000.00

          

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

          

Create Set