Pbmf - Chapter 17 Review

The United States is divided into _______ Federal Reserve Districts

• 4

• 12

• 24

• 50

Forms of E-banking can include all of the following EXCEPT

• Withdrawing funds from an ATM

• Receiving your paycheck Direct Deposit

• Transferring funds using Zelle

• Mailing a deposit

Which of the following is a Non-deposit financial institution?

• savings and loans bank

• credit union

• commercial bank

• life insurance company

Anytime you put money into a checking account, you must fill out a

• signature card

• bank statement

• deposit slip

• reconciliation form

The owner of the account who signs the check is the

• drawee

• drawer

• payee

The bank or financial institution that pays the check

• drawer

• payee

• drawee

The person to whom the check is written

• drawee

• drawer

• payee

A merchant accepts debit cards to pay for a purchase with

• automatic bill pay

• direct deposit

• ATM transaction

• point-of-sale

When you use this card, you are borrowing from the bank to pay later

• credit card

• smart card

• stored-value card

• debit card

The most common type of bank is a

• savings and loan

• pawnshop

• commercial bank

• credit union