Bank Accounts 17.1

A ___________ is a type of financial institution that is owned by its members

• local bank

• owner's union

• credit union

• owner's bank

A financial institution is a business or organization that provides money-related services.

• True

• False

ATM stands for:

• automated teller machine

• automated taker of money

• automated talking machine

• amazing taco maker

When cashing a check, you should first endorse it.

• True

• False

Endorse means to ______.

• sign the back

• tear in half

• sign the front

• crumple it up

A check _____ is a place to record all deposits, checks, withdraws, and fees that affect your account

• book

• mark

• register

• transaction

Reconciling your bank account records is also called

Number 9 is pointing to the what:

What number is indicating the check number:

Overdraw means to write a check for more money than is in your account.

• True

• False