Banking/Checking/Saving
Flashcard
•
Business
•
9th - 12th Grade
•
Practice Problem
•
Hard
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45 questions
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1.
FLASHCARD QUESTION
Front
A _____________ is a record of checks, deposits, and charges on an account, received by your financial institution.
Back
Bank Statement
2.
FLASHCARD QUESTION
Front
A ___________________ is an account used by depositors to accumulate money for future use.
Back
savings account
3.
FLASHCARD QUESTION
Front
A check with a ____________ endorsement may be used only for the specific purpose stated in the signature on the back of the check. Example: For Deposit Only John Doe
Back
restrictive
4.
FLASHCARD QUESTION
Front
Nonprofit financial cooperative owned and operated for the benefit of its members.
Back
credit union
5.
FLASHCARD QUESTION
Front
Personal check that the bank certifies is genuine and that there is enough money to cover the check.
Back
certified check
6.
FLASHCARD QUESTION
Front
Signature on the back of a check.
Back
endorsement
7.
FLASHCARD QUESTION
Front
Process of comparing the check register with the bank statement.
Back
bank reconciliation
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