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5 Written questions

5 Matching questions

  1. non-depository institution
  2. payee
  3. cashier's checks
  4. signature card
  5. credit union
  1. a user-owned, not-for-profit, serving members only
  2. b do not take or hold deposits; earn their money selling specific services or policies
  3. c a check that a bank draws on its own funds; it costs the purchaser the amount of the check plus a fee
  4. d first step in opening a checking account; document is used to verify your signature
  5. e person or business to whom the check is written

5 Multiple choice questions

  1. the owner of the account who signs the check
  2. special forms designed for making payments when away from home; helpful when traveling so you do not have to carry cash
  3. full service banks; offer a wide range of financial services from schecking accounts to loans to safe deposit boxes and trust accounts
  4. document created to show how the bank statement and your check register are brought into balance (equal one another)
  5. limits the use of the check to the purpose given in the endorsement

5 True/False questions

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

          

  2. stop payment ordera form of payment that orders the issuing agency to pay the amount printed on the form to another party

          

  3. special endorsementallows you to transfer a check to another person

          

  4. check registerwritten evidence that you received payment or that you transferred your right of receiving payment to someone else

          

  5. draweethe owner of the account who signs the check

          

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