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Chapter 17 Banking and Financial services

Authored by Rami Tossoun

Business

9th Grade

Used 2+ times

Chapter 17 Banking and Financial services
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17 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Federal Reserve system (fed) supervises and regulates member banks

TRUE

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A fee a bank charges for handling a checking account is a penalty

Service Charge

Service option

services

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A credit card is used for ATM transactions.

Debit Card

Credit card

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A cease and desist order is written notice to the bank not to pay a check.

stop payment

Stop Payment order

Stop Order

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Electronic funds transfewr uses technology for banking activities.

False

True

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A certified check is a check that a bank draws on its own funds.

Cashier Check

Cashier's Check

cashiers check

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Banks Offer safe deposit boxes for the strorage of valuables.

True

False

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