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Q 1/30
Score 0
Writing the words “For Deposit Only” on the back of a check before your signature constitutes a
120
special endorsement
restrictive endorsement
blank endorsement
joint endorsement
Q 2/30
Score 0
An automated teller machine may be used to __________.
120
make a loan payment
reconcile an account
purchase a cashier’s check
buy stock
30 questions
Q.
Writing the words “For Deposit Only” on the back of a check before your signature constitutes a
1
120 sec
Q.
An automated teller machine may be used to __________.
2
120 sec
Q.
A check written by the bank on its own funds is a __________.
3
120 sec
Q.
__________ is an automatic loan made to you by a financial institution if you write a check or make a debit charge for more money than you have in your account.
4
120 sec
Q.
A(n) __________ is a report that accounts for the differences between a bank statement and a checkbook balance.
5
120 sec
Q.
A computer-based system that moves money from one account to another without writing a check or using cash is a(n) __________.
6
120 sec
Q.
The person who writes a check is referred to as the __________.
7
120 sec
Q.
The value of a house, less the amount still owed on the money borrowed to purchase it, is called the __________.
8
120 sec
Q.
A type of debt that allows you to borrow money up to a set limit without having to make more than the minimum payment each month is a(n) __________.
9
120 sec
Q.
The 9-digit number printed on a check that identifies the bank that holds the checking account and the Federal Reserve District the bank is located in is called the __________.
10
120 sec
Q.
Credit Unions have the ability to offer __________ than commercial banks.
11
120 sec
Q.
In a lease agreement, a tenant may have to pay the landlord a security deposit to __________.
12
120 sec
Q.
Which of the following accounts is the least liquid?
13
120 sec
Q.
The bank on which the check is written is called the __________.
14
120 sec
Q.
To calculate simple interest, take __________ x rate x time.
15
120 sec
Q.
A personal check that the bank guarantees is a __________.
16
120 sec
Q.
Holding a variety of investments in order to reduce risk is called __________.
17
120 sec
Q.
The purpose of retirement savings is to __________.
18
120 sec
Q.
All of the following are considered installment loans except __________.
19
120 sec
Q.
When doing a bank reconciliation, outstanding deposits should be added to the __________.
20
120 sec
Q.
When buying a home, a buyer can lower the interest rate on the loan by
21
120 sec
Q.
Personal property put up to guarantee a loan should the borrower fail to repay is called __________.
22
120 sec
Q.
The oldest stock market in the United States is the __________.
23
120 sec
Q.
A type of stock that is based on the ups and downs of the economy is called __________.
24
120 sec
Q.
Many companies offer __________, which is an automatic deposit of net pay to an employee’s designated bank account.
25
120 sec
Q.
The three C’s of credit include all of the following except?
26
120 sec
Q.
The price paid for an insurance policy is called a __________.
27
120 sec
Q.
A __________ endorsement is used to transfer a check to another party.
28
120 sec
Q.
The rate of interest a bank charges their best customer is referred to as the __________.
29
120 sec
Q.
A(n) __________ is the time between the billing date and the start of interest charges.
