

5.5 Checks
Flashcard
•
Business
•
11th Grade
•
Practice Problem
•
Hard
Wayground Content
FREE Resource
Student preview

10 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What type of check might BOUNCE and not work if the person does not have enough money? Options: Personal Check, Cashier's Check, Money Order, None of the above
Back
Personal Check
2.
FLASHCARD QUESTION
Front
What is a check written by a financial institution and can be trusted to always have the money? This check will NOT bounce
Back
Cashier's Check
3.
FLASHCARD QUESTION
Front
What form of payment can you buy from 7/11 or a grocery store? It is guaranteed to work and can be written for up to $1,000.
Back
Money Order
4.
FLASHCARD QUESTION
Front
You are selling your old car to a stranger you met on Craigslist for $7,000. Which of the following should you NOT accept from the stranger? Cash, Cashier's Check, Money Orders, Personal Check, None of the above, they are all fine to accept
Back
Personal Check
5.
FLASHCARD QUESTION
Front
Signing a check before you deposit it is known as an...
Back
endorsement
6.
FLASHCARD QUESTION
Front
How are money order's and cashier's checks different?
Back
Money orders can only be for up to $1,000.
7.
FLASHCARD QUESTION
Front
Checks are connected to your...
Back
checking account
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