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of 14 available terms

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5 Written questions

5 Multiple choice questions

  1. consists of only the endorser's name; most unsafe way to endorse a check
  2. the document created to show how the two balances were brought into agreement
  3. accept deposits from people and businesses and use the deposits to finance their business
  4. the bank or other financial institution that pays the check
  5. nationwide banking plan set up by the federal government to supervise and regulate member banks

4 True/False questions

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

          

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

          

  3. bank statementconsists of only the endorser's name; most unsafe way to endorse a check

          

  4. cashier's checksa check that a bank draws on its own funds