
Personal Finance -Chapter 9.1 Review
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KG - University
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30 questions
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1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
A written order to a bank to pay the amount stated to person/business named on it is
demand deposit
maker
check
money order
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Another name for a checking account is
check
money order
savings account
demand deposit
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
The person cashing a check is called the
maker
payee
substitute
endorsee
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
The depositor is called the
maker
payee
substitute
endorsee
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
A check that has cleared the bank is a(n)
check
endorsed check
payee
canceled check
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
To convert a check into a debit transactions instead of processing, the merchant is doing a _____ transaction.
money order
canceled check
electronic check conversion
automated teller machine
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
If a bank processes a check but not enough funds are in the account, then you have a(n) _______.
gone bankrupt
invested in a money market account
overdraft the account
floated a check
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