Check Writing Quiz

What are the three main parts of a check?

• Signature, memo, and bank name

• Date, payee, and amount

• Address, account number, and routing number

• Check number, bank logo, and check type

Where is the payee's name written on a check?

• In the memo line

• In the signature line

• On the line that says 'Pay to the order of'

• On the back of the check

What is the purpose of the memo line on a check?

• To indicate the bank account number

• To write a personal message to the recipient

• To provide a security code for the transaction

• To provide a brief description of the purpose of the payment

What is the purpose of the signature line on a check?

• To apply for a credit card

• To authorize the payment

• To request a refund

• To order a pizza

What information is typically included in the 'Date' field when writing a check?

• Date of expiration of the check

• Date when the check is written or issued

• Date of birth of the recipient

• Date of the recipient's last transaction

What should you do if you make a mistake while writing a check?

• Void the check and write a new one

• Ignore the mistake and hope the bank won't notice

• Cross out the mistake and initial it

• Tear up the check and throw it away

What is the difference between a blank endorsement and a restrictive endorsement?

• A blank endorsement is used for personal checks, while a restrictive endorsement is used for business checks

• A blank endorsement requires a signature, while a restrictive endorsement does not

• The main difference is that a blank endorsement does not specify a recipient, while a restrictive endorsement does.

• A blank endorsement allows the check to be cashed by anyone, while a restrictive endorsement limits who can cash the check

When is a check considered to be endorsed in full?

• When the payee signs their name in a different color ink

• When the payee signs their name on the back of the check exactly as it appears on the front.

• When the payee signs their name on the front of the check

• When the payee signs their initials on the back of the check

What is the purpose of a special endorsement on a check?

• To deposit the check into the issuer's account

• To request a new check from the bank

• To void the check

• To transfer the check to someone else.