Chapter 10: Banking & Negotiable Instruments

Chapter 10: Banking & Negotiable Instruments

Assessment

Flashcard

Business

10th - 12th Grade

Hard

Created by

Wayground Content

FREE Resource

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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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