5 Written 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. the report the bank will send (mail or email) you on the status of your account
3. a seperate book, usually the same size as the checkbook, for recording account activities.
4. nationwide banking plan set up by the federal government to supervise and regulate member banks
5. accept deposits from people and businesses and use the deposits to finance their business

5 Multiple Choice Questions

1. written evidence that you received payment or that you transferred your right of receiving payment to someone else
   1. bank statement
   2. drawee
   3. blank endorsement
   4. endorsement
2. a check that a bank draws on its own funds
   1. check register
   2. cashier's checks
   3. commercial bank
   4. certified check
3. the document created to show how the two balances were brought into agreement
   1. credit union
   2. bank reconciliation
   3. blank endorsement
   4. bank statement
4. protects depositor's money in case of the failure of a bank
   1. drawee
   2. FDIC
   3. credit union
   4. drawer
5. user-owned, not-for-profit, serving members only
   1. drawer
   2. FDIC
   3. credit union
   4. drawee

4 True/False Questions

1. certified check → A personal check for which a bank has guaranteed payment.

   True        False

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

   True        False

3. drawer → Person who writes a check

   True        False

4. drawee → Person who writes a check

   True        False