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of 14 available terms

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5 Written questions

5 Multiple choice questions

  1. full service banks; offer a wide range of financial services from checking accounts to loans to safe deposit boxes and trust accounts
  2. written evidence that you received payment or that you transferred your right of receiving payment to someone else
  3. consists of only the endorser's name; most unsafe way to endorse a check
  4. accept deposits from people and businesses and use the deposits to finance their business
  5. A personal check for which a bank has guaranteed payment.

4 True/False questions

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

          

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

          

  3. credit unionprotects depositor's money in case of the failure of a bank

          

  4. drawerPerson who writes a check

          

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