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5 Written Questions

5 Matching Questions

  1. FDIC
  2. restrictive endorsement
  3. outstanding checks
  4. stop payment order
  5. special endorsement
  1. a limits the use of the check to the purpose given in the endorsement
  2. b checks that have not been deducted from the bank statement balance
  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 allows you to transfer a check to another person

5 Multiple Choice Questions

  1. accept deposits from people and businesses and use the deposits to finance their business
  2. the report the bank will send (mail or email) you on the status of your account
  3. full service banks; offer a wide range of financial services from schecking accounts to loans to safe deposit boxes and trust accounts
  4. the bank or other financial institution that pays the check
  5. do not take or hold deposits; earn their money selling specific services or policies

5 True/False Questions

  1. drawerthe owner of the account who signs the check

          

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

          

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

          

  4. signature cardfirst step in opening a checking account; document is used to verify your signature

          

  5. safe deposit boxesa written notice that tells the bank not to pay a certain check; banks usually charge a fee for this service

          

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