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5 Written questions

5 Matching questions

  1. signature card
  2. endorsement
  3. joint account
  4. safe deposit boxes
  5. money orders
  1. a when 2 or more people have an account together
  2. b banks offer these for storage of valuables
  3. c a form of payment that orders the issuing agency to pay the amount printed on the form to another party
  4. d written evidence that you received payment or that you transferred your right of receiving payment to someone else
  5. e first step in opening a checking account; document is used to verify your signature

5 Multiple choice questions

  1. user-owned, not-for-profit, serving members only
  2. document created to show how the bank statement and your check register are brought into balance (equal one another)
  3. the report the bank will send (mail or email) you on the status of your account
  4. a personal check for which a bank has guaranteed payment
  5. a check that a bank draws on its own funds; it costs the purchaser the amount of the check plus a fee

5 True/False questions

  1. FDICperson or business to whom the check is written

          

  2. check registera separate book, usually the same size as the checkbook, used for recording account activities

          

  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. blank endorsementwritten evidence that you received payment or that you transferred your right of receiving payment to someone else

          

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

          

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