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Banking

Authored by Jaclyn Phillips

Business

10th - 12th Grade

Used 46+ times

Banking
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12 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 5 pts

This type of endorsement is used when you want to deposit an entire check into your account.

Full

Restrictive

Blank

2.

MULTIPLE CHOICE QUESTION

20 sec • 5 pts

This type of endorsement is used when you want to transfer the funds to someone else.

Full

Restrictive

Blank

3.

MULTIPLE CHOICE QUESTION

20 sec • 5 pts

This type of endorsement is your signature only, is the most common but least safe.

Full

Restrictive

Blank

4.

MULTIPLE CHOICE QUESTION

20 sec • 5 pts

With a minimum balance checking account, you

can only write one check a month.

you have to keep a certain balance or there are fees.

is great for high school students.

5.

MULTIPLE CHOICE QUESTION

20 sec • 5 pts

A check that has been written but has not yet been cashed or deposited by the payee is known as a(n)

bounced check

cleared check

outstanding check

6.

MULTIPLE CHOICE QUESTION

20 sec • 5 pts

A check that has been written and the money has been subtracted from your account is known as a(n)

bounced check

cleared check

outstanding check

7.

MULTIPLE CHOICE QUESTION

20 sec • 5 pts

A check that has been written more than available in the account is known as a(n)

bounced check

cleared check

outstanding check

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