
Personal Finance - Checking Acc Ch 5
Quiz by Julie
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35 questions
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- Q1A canceled check isone 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.60s
- Q2Floating a check iswriting 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.60s
- Q3Postdating isboth of these.writing an earlier date on a check.writing a future date on a check.neither of these.60s
- Q4Paying bills online is generally consideredslower and riskier than writing a check.safer than writing a check.faster and safer than writing a check.faster than writing a check.60s
- Q5When depositing a check into your account, you should write the check'seither of these are acceptableABA numberneither of these are acceptable.the last name of the person or company from whom you received the check,60s
- Q6The column headed by a check mark in a checkbook register is provided so you canplace a check mark in the column to indicate a deposit has been received.make a note of a bounced check.none of these is correct.place a check mark in the column when the check shows on your bank statement.60s
- Q7You should reconcile your checking accountat least every 3 months.as soon as you receive the bank statement.whenever you have time.at the end of the year.60s
- Q8A check cannot be cashed until it has beennone of these.reconciled.endorsed.returned.60s
- Q9A joint checking account can be opened byonly one person.more than two people.two or more people.two people.60s
- Q10A money orderis written when cash is paid to a post office or bank.can never bounce.both of these.neither of these.60s
- Q11Debit card transactionsdo not affect your checking account.do not affect your bank account.should be recorded in your checkbook.don't need to be written anywhere.60s
- Q12For safety, do not carry your PIN in written form; insteadnone of these.leave it at home by the calendar.commit it to memory.leave it in a safe deposit box.60s
- Q13The usual reason for a stop payment order is that the check has beenlost or stolen.stolen.written incorrectly.lost.60s
- Q14Most full-service banks will allow you totransfer savings bonds.purchase savings bonds.purchase or sell savings bonds.sell savings bonds.60s
- Q15FDIC insurance protects the deposits of customers against loss up to _____________ per account.$250,000$200,000$500,000$1,000,00060s