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[FINALS] FABM 2 - QUIZ II

Authored by Anna Marie Divinagracia

Business

12th Grade

Used 10+ times

[FINALS] FABM 2 - QUIZ II
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

A cross check has two parallel lines on its upper left corner.

TRUE

FALSE

2.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Stale checks can no longer be encashed.

TRUE

FALSE

3.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Money held under a checking account cannot be withdrawn through the issuace of a check or an ATM withdrawal.

TRUE

FALSE

4.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Bank debit transactions are added to the running balance.

TRUE

FALSE

5.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Bank service charge is an example of bank debit transactions.

TRUE

FALSE

6.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Drawee is the person or entity who makes the check.

TRUE

FALSE

7.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

At the end of every month, the bank provides a depositor with a statement showing the movements of his account.

TRUE

FALSE

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