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5 Written questions

5 Matching questions

  1. bank reconciliation
  2. Federal Reserve System
  3. FDIC
  4. certified check
  5. stop payment order
  1. a document created to show how the bank statement and your check register are brought into balance (equal one another)
  2. b a nationwide banking plan set up by the federal government to supervise and regulate member banks
  3. c protects depositor's money in case of the failure of a bank; up to $250,000.00
  4. d a written notice that tells the bank not to pay a certain check; banks usually charge a fee for this service
  5. e a personal check for which a bank has guaranteed payment

5 Multiple choice questions

  1. allows you to transfer a check to another person
  2. user-owned, not-for-profit, serving members only
  3. checks that have not been deducted from the bank statement balance
  4. first step in opening a checking account; document is used to verify your signature
  5. banks offer these for storage of valuables

5 True/False questions

  1. joint accountwritten evidence that you received payment or that you transferred your right of receiving payment to someone else

          

  2. bank statementconsists of only the endorser's name; most unsafe way to endorse a check

          

  3. endorsementwritten evidence that you received payment or that you transferred your right of receiving payment to someone else

          

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

          

  5. depository institutionaccept deposits from people and businesses and use the deposits to finance their business

          

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