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Q 1/35
Score 0
A canceled check is
60
one that has been processed by the bank.
one that has not been processed by the bank.
one that has not yet been cashed.
one that you voided.
Q 2/35
Score 0
Floating a check is
60
writing a check before you have enough money in your account.
giving someone else money by check to cash so they have money to pay their bills.
writing a check before you have enough money in your account and is illegal in most states.
legal in most states.
35 questions
Q.
A canceled check is
1
60 sec
Q.
Floating a check is
2
60 sec
Q.
Postdating is
3
60 sec
Q.
Paying bills online is generally considered
4
60 sec
Q.
When depositing a check into your account, you should write the check's
5
60 sec
Q.
The column headed by a check mark in a checkbook register is provided so you can
6
60 sec
Q.
You should reconcile your checking account
7
60 sec
Q.
A check cannot be cashed until it has been
8
60 sec
Q.
A joint checking account can be opened by
9
60 sec
Q.
A money order
10
60 sec
Q.
Debit card transactions
11
60 sec
Q.
For safety, do not carry your PIN in written form; instead
12
60 sec
Q.
The usual reason for a stop payment order is that the check has been
13
60 sec
Q.
Most full-service banks will allow you to
14
60 sec
Q.
FDIC insurance protects the deposits of customers against loss up to _____________ per account.
15
60 sec
Q.
The person to whom a check is payable is called the
16
60 sec
Q.
When a check is returned to the payee's bank due to insufficient funds, the check is said to have
17
60 sec
Q.
When you open a checking account, most banks will require you to have an initial deposit of at least
18
60 sec
Q.
The part of the check that provides a place for you to write the purpose of the check is
19
60 sec
Q.
Zach writes a check to the phone company for $60.00. He should record this amount in his checkbook register in the
20
60 sec
Q.
A check is written to Alex Lindegard. On the back of the check, Alex writes "Pay to the order of Mitch Docken," then signs his name. This is called a _____________________ endorsement.
21
60 sec
Q.
An interest-bearing checking account that pays a higher rate of interest than a usual account, but typically has more restrictions (requirements), is called a
22
60 sec
Q.
A check written by a bank on its own funds is called a
23
60 sec
Q.
A request that a bank not honor a specific check is called a(n)
24
60 sec
Q.
A person or institution that manages property for the benefit of someone else under a special agreement is called a(n)
25
60 sec
Q.
This is a written order to a bank to pay the amount stated to the person or business name on it.
26
60 sec
Q.
A checking account is also called this, because the money may be withdrawn at any time.
27
60 sec
Q.
A check written for more money than your account contains is called a(n)
28
60 sec
Q.
The booklet used to record checking transactions is called
29
60 sec
Q.
This endorsement is the signature of the payee written exactly as his or her name appears on the front of the check.
30
60 sec
Q.
A personal check that the bank guarantees to be good is called a
31
60 sec
Q.
This is a plastic card that allows immediate deductions from a checking account to pay for purchases.
32
60 sec
Q.
This will cover your checks even if you have insufficient funds in your checking account.
33
60 sec
Q.
Financial institutions offer customers this to store valuable items or documents, for a fee.
34
60 sec
Q.
A(n) __________________________ verifies a person's identity, witnesses the person's signature on a legal document, and then "notarizes" the signature is valid.