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5 Written questions

5 Multiple choice questions

  1. nationwide banking plan set up by the federal government to supervise and regulate member banks
  2. the document created to show how the two balances were brought into agreement
  3. Person who writes a check
  4. user-owned, not-for-profit, serving members only
  5. protects depositor's money in case of the failure of a bank

4 True/False questions

  1. draweePerson who writes a check


  2. cashier's checksA personal check for which a bank has guaranteed payment.


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


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