Chapter 26 Quiz

Checks are usually not considered to be a safe method for making payments

• True

• False

A service charge is a fee a bank charges for handling a checking account

• True

• False

A regular checking account commonly earns interest

• True

• False

A sharedraft is a check issued my a member of a credit union

• True

• False

A signature card must be completed for each deposit

• True

• False

A joint account requires that both account owners sign checks

• True

• False

A deposit slip lists currency, coins, and checks to be added to a checking account.

• True

• False

An endorsement refers to the time between the receipt of a deposit and the availability of the funds

• True

• False

A blank endorsement makes a check payable to anyone that has that check

• True

• False

A check register is used to maintain a record of deposits and checks

• True

• False