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5 Written questions

5 Multiple choice questions

  1. the bank or other financial institution that pays the check
  2. Person who writes a check
  3. the document created to show how the two balances were brought into agreement
  4. written evidence that you received payment or that you transferred your right of receiving payment to someone else
  5. protects depositor's money in case of the failure of a bank

4 True/False questions

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


  2. check registerPerson who writes a check


  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


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