Banking/Checking/Saving

A _____________ is a record of checks, deposits, and charges on an account, received by your financial institution.

• Check Reconcile

• Bank Statement

• Check

• Mortgage papers

A ___________________ is an account used by depositors to accumulate money for future use.

• savings account

• checking account

A check with a ____________ endorsement may be used only for the specific purpose stated in the signature on the back of the check. Example: For Deposit Only John Doe

• blank

• special

• restrictive

• cashier

Nonprofit financial cooperative owned and operated for the benefit of its members.

• commercial bank

• internet bank

• community bank

• credit union

Personal check that the bank certifies is genuine and that there is enough money to cover the check.

• blank check

• certified check

• money order

• traveler's check

Signature on the back of a check.

• agreement

• statement

• endorsement

• accord

Process of comparing the check register with the bank statement.

• bank reconciliation

• liquidity

• endorsement

• accounting for cash flow

Select the choice which is ordered from least to most liquid.

• Checking, Savings, CD

• Checking, CD, Money Market, Savings

• Money Market, CD, Checking

• CD, Savings, Checking

Customer deposits in a federally insured bank are insured up to what amount?

• $230,000

• $200,000

• $250,000

• $100,000

What banking service ensures a financial institution will honor a check even if it exceeds the account balance?

• overdraft protection

• stop payment order

• money order

• traveler's check