Check Transactions Quiz

Check Transactions Quiz

12th Grade

15 Qs

quiz-placeholder

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Check Transactions Quiz

Check Transactions Quiz

Assessment

Quiz

Business

12th Grade

Practice Problem

Medium

Created by

Carrie Reading

Used 2+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define the term "Post-dated Check."

A check written with a future date

A check that has been dishonored

A check with no payee

A check with a memo line

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does "Dishonored Check" mean?

A check that is accepted by the bank

A check that is returned unpaid

A check with a future date

A check with a routing number

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is the "Payee" in a check transaction?

The person writing the check

The bank processing the check

The person receiving the check

The person endorsing the check

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of the "Memo Line" on a check?

To indicate the check number

To specify the check amount

To note the purpose of the check

To list the payee's address

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a "Routing Number" used for?

Identifying the check number

Identifying the bank

Identifying the payee

Identifying the check amount

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False: Your signature on a check must match the signature card you have on file with the bank.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False: If the amount in writing does not match the amount in numbers, the bank may not cash the check.

True

False

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