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5 Written questions

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. user-owned, not-for-profit, serving members only
  4. written evidence that you received payment or that you transferred your right of receiving payment to someone else
  5. a seperate book, usually the same size as the checkbook, for recording account activities.

4 True/False questions

  1. bank reconciliationthe document created to show how the two balances were brought into agreement

          

  2. certified checkA personal check for which a bank has guaranteed payment.

          

  3. cashier's checksa check that a bank draws on its own funds

          

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

          

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