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5 Written questions

5 Matching questions

  1. joint account
  2. stop payment order
  3. credit union
  4. FDIC
  5. money orders
  1. a user-owned, not-for-profit, serving members only
  2. b a form of payment that orders the issuing agency to pay the amount printed on the form to another party
  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 protects depositor's money in case of the failure of a bank; up to $250,000.00
  5. e when 2 or more people have an account together

5 Multiple choice questions

  1. a check that a bank draws on its own funds; it costs the purchaser the amount of the check plus a fee
  2. a personal check for which a bank has guaranteed payment
  3. consists of only the endorser's name; most unsafe way to endorse a check
  4. first step in opening a checking account; document is used to verify your signature
  5. a nationwide banking plan set up by the federal government to supervise and regulate member banks

5 True/False questions

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

          

  2. safe deposit boxesbanks offer these for storage of valuables

          

  3. bank reconciliationuser-owned, not-for-profit, serving members only

          

  4. restrictive endorsementallows you to transfer a check to another person

          

  5. commercial bankfull service banks; offer a wide range of financial services from schecking accounts to loans to safe deposit boxes and trust accounts

          

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