6 Written Questions

1. bank will send you a report on the status of your account
2. or cash card is used fro ATM transactions
3. is the owner of hte account who signs the check
4. document created to show how the two balances were brought into agreement is known as reconciling the bank balance
5. the atm machine withdrawl of money
6. for storage of valuables

6 Multiple Choice Questions

1. is a fee a bank charges for handling a checking account
   1. debit card
   2. drawer
   3. service charge
   4. payee
2. federal agency that helps to regulate bnaks nad other financial institutions
   1. bank reconciliation
   2. Safe Deposit boxes
   3. federal reserve systems
   4. Federal Deposit Insurance Corporation
3. is a separate book, usually the same size as the checkbook
   1. drawer
   2. shareholders
   3. check register
   4. endoresment
4. a system set up by the federal government to surpervise and regulate member banks and to help banks
   1. Safe Deposit boxes
   2. check register
   3. endoresment
   4. federal reserve systems
5. a user-owned, not-for-profit, cooperative financial institution
   1. credit union
   2. endoresment
   3. debit card
   4. drawer
6. a checking account at a credit union may be calle a chare draft account since the members
   1. payee
   2. check register
   3. drawer
   4. shareholders

6 True/False Question

1. payee → is the owner of hte account who signs the check
   

   True        False

2. electronic funds transfer → transfers your money to a different account
   

   True        False

3. commercial bank → or cash card is used fro ATM transactions
   

   True        False

4. stop payment order → a written notice that tells the bank not to pay a certain check
   

   True        False

5. outstanding checks → is a fee a bank charges for handling a checking account
   

   True        False

6. endoresment → is written evidence that you received payment or that you transferred your right of receiving payment to someone else
   

   True        False