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5 Written questions

5 Matching questions

  1. commercial bank
  2. credit union
  3. signature card
  4. safe deposit boxes
  5. non-depository institution
  1. a first step in opening a checking account; document is used to verify your signature
  2. b do not take or hold deposits; earn their money selling specific services or policies
  3. c user-owned, not-for-profit, serving members only
  4. d banks offer these for storage of valuables
  5. e full service banks; offer a wide range of financial services from schecking accounts to loans to safe deposit boxes and trust accounts

5 Multiple choice questions

  1. checks that have not been deducted from the bank statement balance
  2. a form of payment that orders the issuing agency to pay the amount printed on the form to another party
  3. a separate book, usually the same size as the checkbook, used for recording account activities
  4. when 2 or more people have an account together
  5. special forms designed for making payments when away from home; helpful when traveling so you do not have to carry cash

5 True/False questions

  1. bank reconciliationdocument created to show how the bank statement and your check register are brought into balance (equal one another)


  2. payeeperson or business to whom the check is written


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


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


  5. certified checkchecks that have not been deducted from the bank statement balance


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