Deposits and Negotiable Instruments (B5&6)

Deposits and Negotiable Instruments (B5&6)

9th - 12th Grade

43 Qs

quiz-placeholder

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Deposits and Negotiable Instruments (B5&6)

Deposits and Negotiable Instruments (B5&6)

Assessment

Quiz

Life Skills, Business

9th - 12th Grade

Practice Problem

Easy

Created by

Danielle Tuttle

Used 32+ times

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43 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A check must be endorsed before it can be cashed.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

The most important factor impacting the flow of money in our economy is governmental actions.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

This type of endorsement includes only your signature.

blank

full

restrictive

qualified

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

This type of endorsement restricts the use of the instrument, often with the words "for deposit only."

blank

restrictive

full

qualified

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

This type of endorsement transfers ownership of the check to a third party.

blank

restrictive

qualified

full

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

This type of endorsement limits the liability of the endorser when signing the check over to a third party.

blank

restrictive

full

qualified

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which type of account allows transactions to occur at any time and at any frequency?

transaction account

time deposit account

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