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5 Written questions

5 Matching questions

  1. special endorsement
  2. non-depository institution
  3. commercial bank
  4. payee
  5. check register
  1. a full service banks; offer a wide range of financial services from schecking accounts to loans to safe deposit boxes and trust accounts
  2. b a separate book, usually the same size as the checkbook, used for recording account activities
  3. c allows you to transfer a check to another person
  4. d do not take or hold deposits; earn their money selling specific services or policies
  5. e person or business to whom the check is written

5 Multiple choice questions

  1. special forms designed for making payments when away from home; helpful when traveling so you do not have to carry cash
  2. protects depositor's money in case of the failure of a bank; up to $250,000.00
  3. user-owned, not-for-profit, serving members only
  4. the owner of the account who signs the check
  5. a personal check for which a bank has guaranteed payment

5 True/False questions

  1. restrictive endorsementallows you to transfer a check to another person

          

  2. cashier's checksspecial forms designed for making payments when away from home; helpful when traveling so you do not have to carry cash

          

  3. safe deposit boxesbanks offer these for storage of valuables

          

  4. stop payment ordera written notice that tells the bank not to pay a certain check; banks usually charge a fee for this service

          

  5. Federal Reserve Systema nationwide banking plan set up by the federal government to supervise and regulate member banks