Deposits and Negotiable Instruments (B5&6)
Quiz
•
Life Skills, Business
•
9th - 12th Grade
•
Practice Problem
•
Easy
Danielle Tuttle
Used 32+ times
FREE Resource
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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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