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5 Written questions

5 Matching questions

  1. credit union
  2. traveler's checks
  3. special endorsement
  4. Federal Reserve System
  5. FDIC
  1. a protects depositor's money in case of the failure of a bank; up to $250,000.00
  2. b special forms designed for making payments when away from home; helpful when traveling so you do not have to carry cash
  3. c allows you to transfer a check to another person
  4. d a nationwide banking plan set up by the federal government to supervise and regulate member banks
  5. e user-owned, not-for-profit, serving members only

5 Multiple choice questions

  1. limits the use of the check to the purpose given in the endorsement
  2. the bank or other financial institution that pays the check
  3. banks offer these for storage of valuables
  4. person or business to whom the check is written
  5. accept deposits from people and businesses and use the deposits to finance their business

5 True/False questions

  1. check registerthe owner of the account who signs the check

          

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

          

  3. commercial bankwhen 2 or more people have an account together

          

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

          

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

          

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