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Deposits and Negotiable Instruments (B5&6)

Deposits and Negotiable Instruments (B5&6)

Assessment

Flashcard

•

Life Skills, Business

•

9th - 12th Grade

•

Practice Problem

•

Hard

Created by

Wayground Content

FREE Resource

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43 questions

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1.

FLASHCARD QUESTION

Front

A check must be endorsed before it can be cashed.

Back

True

2.

FLASHCARD QUESTION

Front

The most important factor impacting the flow of money in our economy is governmental actions.

Back

False

3.

FLASHCARD QUESTION

Front

This type of endorsement includes only your signature.

Back

blank

4.

FLASHCARD QUESTION

Front

This type of endorsement restricts the use of the instrument, often with the words "for deposit only."

Back

restrictive

5.

FLASHCARD QUESTION

Front

This type of endorsement transfers ownership of the check to a third party.

Back

full

6.

FLASHCARD QUESTION

Front

This type of endorsement limits the liability of the endorser when signing the check over to a third party.

Back

qualified

7.

FLASHCARD QUESTION

Front

Which type of account allows transactions to occur at any time and at any frequency?

Back

transaction account

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