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5 Written questions

5 Matching questions

  1. endorsement
  2. FDIC
  3. depository institution
  4. cashier's checks
  5. check register
  1. a protects depositor's money in case of the failure of a bank; up to $250,000.00
  2. b a separate book, usually the same size as the checkbook, used for recording account activities
  3. c written evidence that you received payment or that you transferred your right of receiving payment to someone else
  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 accept deposits from people and businesses and use the deposits to finance their business

5 Multiple choice questions

  1. banks offer these for storage of valuables
  2. when 2 or more people have an account together
  3. a personal check for which a bank has guaranteed payment
  4. allows you to transfer a check to another person
  5. checks that have not been deducted from the bank statement balance

5 True/False questions

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

          

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

          

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

          

  4. non-depository institutionaccept deposits from people and businesses and use the deposits to finance their business

          

  5. credit unionwhen 2 or more people have an account together