Chapter 10: Banking & Negotiable Instruments
Flashcard
•
Business
•
10th - 12th Grade
•
Hard
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4 questions
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1.
FLASHCARD QUESTION
Front
An indorsement with the words “for deposit only” added is
Back
a restrictive indorsement.
2.
FLASHCARD QUESTION
Front
The method of banking that uses computers as a substitute for paper is called
Back
electronic fund transfer.
3.
FLASHCARD QUESTION
Front
A written promise by one person to pay money to another person is
Back
a note
4.
FLASHCARD QUESTION
Front
A check that is more than six months old is
Back
a stale check
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