5.2 Review - Finance

A request to a bank not to cash a check is a(n) ____________.

A(n) __________ is like a check and is used by people who do not want to use cash or who do not want to have a checking account.

A check drawn against the banks own funds is called a(n) _________.

A(n) _______ is a check guaranteed by the bank.

_________ cards provide immediate deductions from your checking account when you make a purchase.

Certified checks and cashier's checks are not guaranteed by the bank to be paid.​

• True

• False

__________ checks provide a readily acceptable and safe form of payment for people who are traveling.​

• Certified

• ​Traveler's

• ​Cashier's

• ​Debit

With overdraft protection, your checks will be covered even if you have insufficient funds in your checking account.​

• True

• False

A __________ is a request that the bank not honor a specific check.​

• stop-payment order

• ​cashier's check

• ​certified check

• ​safe deposit box

Financial institutions offer safe deposit boxes to customers to store valuable items or documents.​

• True

• False