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of 14 available terms

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5 Written questions

5 Multiple choice questions

  1. consists of only the endorser's name; most unsafe way to endorse a check
  2. accept deposits from people and businesses and use the deposits to finance their business
  3. written evidence that you received payment or that you transferred your right of receiving payment to someone else
  4. the document created to show how the two balances were brought into agreement
  5. a check that a bank draws on its own funds

4 True/False questions

  1. check registera seperate book, usually the same size as the checkbook, for recording account activities.

          

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

          

  3. commercial bankA personal check for which a bank has guaranteed payment.

          

  4. FDICthe bank or other financial institution that pays the check

          

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