5.2 Review - Finance

Front

Certified checks and cashier's checks are not guaranteed by the bank to be paid.​

Back

False

Front

__________ checks provide a readily acceptable and safe form of payment for people who are traveling.​

Back

Traveler's

Front

With overdraft protection, your checks will be covered even if you have insufficient funds in your checking account.​

Back

True

Front

A __________ is a request that the bank not honor a specific check.​

Back

stop-payment order

Front

Financial institutions offer safe deposit boxes to customers to store valuable items or documents.​

Back

True

Front

A(n) __________ is like a check and is used by people who do not want to use cash or who do not have a checking account.

Back

money order

Front

A check drawn against the banks own funds is a(n) __________.

Back

cashier's check

Front

_________ cards provide immediate deductions from your checking account when you make a purchase.

Back

Debit