24-25 dockie's BORROWED Parts of a Check

24-25 dockie's BORROWED Parts of a Check

Assessment

Flashcard

Business

9th - 12th Grade

Hard

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12 questions

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1.

FLASHCARD QUESTION

Front

What is labeled number 1? Options: Maker, Payee, Date, Amount

Back

Maker

Answer explanation

The "maker" is the owner of the checking account; also called "drawer" and "depositor"

2.

FLASHCARD QUESTION

Front

What is labeled 2? Options: Date, Maker, Payee, Signature

Back

Payee

Answer explanation

The "payee" is the person or business that a check is written to

3.

FLASHCARD QUESTION

Front

What is labeled number 3? Options: Check number, Payee, Date, Account number

Back

Date

Answer explanation

The "date" is the date the check was written

4.

FLASHCARD QUESTION

Front

What is labeled number 4?

Back

Check number

Answer explanation

The "check number" is a unique identifier for each check, which is a series of sequential numbers and is used for record keeping. The check number is listed twice on the check: upper right corner and at the bottom

5.

FLASHCARD QUESTION

Front

What is labeled number 5? Options: Account number, Routing number, Written amount of check, Numeric amount of check

Back

Numeric amount of check

Answer explanation

The "numeric amount" of a check is written in the box to the right of the "Pay to the order of" line, with a dollar sign ($) preceding it, and should include both the dollar and cents amount (e.g., $123.45). 

6.

FLASHCARD QUESTION

Front

What is labeled number 6?

Back

Signature

Answer explanation

The "signature" is written by the owner of the checking account; the owner of the account is also called "maker," "drawer," and "depositor"


7.

FLASHCARD QUESTION

Front

What is labeled number 7?

Back

Account number

Answer explanation

The "account number" is typically the second set of numbers printed at the bottom of the check, located between the routing number (the first set of numbers) and the check number (the last set of numbers). 

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