Banking: Ch. 5

Banking: Ch. 5

9th - 12th Grade

20 Qs

quiz-placeholder

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Banking: Ch. 5

Banking: Ch. 5

Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

Dustin Buentello

Used 23+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The most common form of negotiable instrument is a promissory note.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Check use in the United States is beginning to decline.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A check cannot be negotiated until it has been endorsed.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Banks are required to make a depositor’s funds available within 2 days.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is recommended that you put your Social Security number on your checks.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You must pay off your credit card account in full at the end of every month.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The fastest-growing segment of banking security issues involves safeguarding the technology that makes doing business possible.

True

False

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