Banking & Finance - 2017

Writing the words “For Deposit Only” on the back of a check before your signature constitutes a

An automated teller machine may be used to __________.

A check written by the bank on its own funds is a __________.

__________ 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.

A(n) __________ is a report that accounts for the differences between a bank statement and a checkbook balance.

A computer-based system that moves money from one account to another without writing a check or using cash is a(n) __________.

The person who writes a check is referred to as the __________.

The value of a house, less the amount still owed on the money borrowed to purchase it, is called the __________.

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) __________.

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 __________.

Credit Unions have the ability to offer __________ than commercial banks.

In a lease agreement, a tenant may have to pay the landlord a security deposit to __________.

Which of the following accounts is the least liquid?

The bank on which the check is written is called the __________.

To calculate simple interest, take __________ x rate x time.