ch.5

A canceled check is one that has been processed by the bank.

• True
• False

When depositing a check into your account, you should write the check’s ABA number on the deposit slip.

• True
• False

The column headed by a check mark in a checkbook register is provided so you can make a note of your checks that have bounced.

• True
• False

A check cannot be cashed until it has been reconciled.

• True
• False

A joint checking account can be opened by two or more people.

• True
• False

A money order can never bounce.

• True
• False

You can purchase or sell savings bonds at most full-service banks.

• True
• False

FDIC insurance protects the deposits of customers against loss up to $1,000,000 per account.

• True
• False

An interest-bearing checking account that pays a higher rate of interest than a usual account, but typically has more restrictions, is called a- money market account?

• True
• False

A check written by a bank on its own funds is called a - cashier's check

• True
• False