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of 14 available terms

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5 Written Questions

5 Multiple Choice Questions

  1. the bank or other financial institution that pays the check
  2. protects depositor's money in case of the failure of a bank
  3. nationwide banking plan set up by the federal government to supervise and regulate member banks
  4. the report the bank will send (mail or email) you on the status of your account
  5. written evidence that you received payment or that you transferred your right of receiving payment to someone else

4 True/False Questions

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


  2. certified checkuser-owned, not-for-profit, serving members only


  3. credit unionuser-owned, not-for-profit, serving members only


  4. bank reconciliationconsists of only the endorser's name; most unsafe way to endorse a check


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