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5 Written questions

5 Multiple choice questions

  1. the bank or other financial institution that pays the check
  2. A personal check for which a bank has guaranteed payment.
  3. the document created to show how the two balances were brought into agreement
  4. consists of only the endorser's name; most unsafe way to endorse a check
  5. a seperate book, usually the same size as the checkbook, for recording account activities.

4 True/False questions

  1. FDICprotects depositor's money in case of the failure of a bank


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


  3. depository institutionaccept deposits from people and businesses and use the deposits to finance their business


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


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