Banking Quiz

How many major types of endorsements are there?

• Two

• Three

• Four

• Five

Which of the following is a type of endorsement?

• Conditional endorsement

• Blank endorsement

• Verbal endorsement

• Digital endorsement

Which type of endorsement is the least secure?

• Blank endorsement

• Special endorsement

• Restrictive endorsement

• Conditional endorsement

What is typically written in a blank endorsement?

• The payee's address.

• The payee's signature.

• The payee's bank account number.

• The payee's phone number.

Which of the following is true about a special endorsement?

• It voids the check.

• It allows the check to be cashed by anyone.

• It transfers the right to cash the check to someone else.

• It restricts the check to be deposited only.

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

• It voids the check.

• It allows the check to be cashed by anyone.

• It transfers the right to cash the check to someone else.

• It restricts the check to be deposited only.

Which of the following is an example of a restrictive endorsement?

• Pay to the order of John Doe

• For Deposit Only

• Pay to the order of Cash

• Signature only

Which of the following is a service offered by full-service banks?

• Safe deposit boxes

• Real estate loans

• Stock trading

• Insurance policies

Which of the following is a benefit of using a full-service bank?

• Limited service options

• Access to a wide range of financial services

• Higher fees for all services

• No access to ATMs

Which type of check is guaranteed by the bank?

• Traveler’s check

• Certified check

• Cashier’s check

• Personal check