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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 document created to show how the two balances were brought into agreement
  3. a seperate book, usually the same size as the checkbook, for recording account activities.
  4. Person who writes a check
  5. A personal check for which a bank has guaranteed payment.

4 True/False questions

  1. Federal Reserve Systemnationwide banking plan set up by the federal government to supervise and regulate member banks


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


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


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


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