PbMf - SP19 Final Exam 26-30

60" Big Screen TV

• asset

• liability

Tax Refund

• asset

• liability

Balance on your credit card

• asset

• liability

Mortgage on your house

• asset

• liability

The United States is divided into _______ Federal Reserve Districts

• 10

• 12

• 14

• 16

The owner of the account who signs the check is the

• payee

• drawer

• drawee

The bank or financial institution that pays the check

• payee

• drawer

• drawee

The person to whom the check is written

• payee

• drawer

• drawee

Which agency supervises and regulates member banks

• Department of Labor

• White House

• Federal Reserve System

• Internal Revenue Service

The fee a bank charges for handling a checking account

• Interest charge

• service charge

• commission

• stocking fee