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5 Written questions

5 Matching questions

  1. Federal Reserve System
  2. certified check
  3. signature card
  4. non-depository institution
  5. cashier's checks
  1. a do not take or hold deposits; earn their money selling specific services or policies
  2. b a nationwide banking plan set up by the federal government to supervise and regulate member banks
  3. c a personal check for which a bank has guaranteed payment
  4. d a check that a bank draws on its own funds; it costs the purchaser the amount of the check plus a fee
  5. e first step in opening a checking account; document is used to verify your signature

5 Multiple choice questions

  1. a written notice that tells the bank not to pay a certain check; banks usually charge a fee for this service
  2. consists of only the endorser's name; most unsafe way to endorse a check
  3. the owner of the account who signs the check
  4. the report the bank will send (mail or email) you on the status of your account
  5. checks that have not been deducted from the bank statement balance

5 True/False questions

  1. depository institutiondo not take or hold deposits; earn their money selling specific services or policies

          

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

          

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

          

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

          

  5. safe deposit boxesuser-owned, not-for-profit, serving members only