NAME: ________________________

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of 25 available terms

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5 Written Questions

5 Matching Questions

  1. check register
  2. endorsement
  3. Federal Reserve System
  4. payee
  5. stop payment order
  1. a written evidence that you received payment or that you transferred your right of receiving payment to someone else
  2. b a nationwide banking plan set up by the federal government to supervise and regulate member banks
  3. c a written notice that tells the bank not to pay a certain check; banks usually charge a fee for this service
  4. d person or business to whom the check is written
  5. e a separate book, usually the same size as the checkbook, used for recording account activities

5 Multiple Choice Questions

  1. the owner of the account who signs the check
  2. a check that a bank draws on its own funds; it costs the purchaser the amount of the check plus a fee
  3. when 2 or more people have an account together
  4. a personal check for which a bank has guaranteed payment
  5. do not take or hold deposits; earn their money selling specific services or policies

5 True/False Questions

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


  2. signature cardthe owner of the account who signs the check


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


  4. outstanding checkschecks that have not been deducted from the bank statement balance


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


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