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WorksheetsChecks
Total questions: 8
Worksheet time: 3mins
What is a check?
Is a document that orders a person to pay an amount of money
Is a document that orders an institution to pay an amount of money
Is a document that orders a bank to pay an amount of money
Is a document that orders a store to pay an amount of money
Personal checks are guaranteed by the financial institution
True
False
Parts of the check
I.D. number, amount of money, checking account number
DOB's owner, amount of money, routing number
Payee's name, amount of money, routing number
Checking account number, amount of money, cellphone number
Cashier’s checks are ideal for larger purchases, such as a down payment on a home or car, or a large repair or renovation.
True
False
Which of the following does not belong to eChecks?
Electronic checks issued through online banking via ACH.
Used in both personal and business bank accounts.
Are often no-fee transactions, as opposed to online credit card payments.
May bounce if the bank account holder has insufficient funds for the amount of the check.
For certified checks, the bank or credit union will verify the account holder’s signature and confirm there’s enough money in their bank account to cover the transaction.
True
False
Which of the following does not correspond to Traveler's check?
Can be easily replaced by the issuing financial institution in case they are lost or stolen.
May take a few business days to obtain.
Paper checks for international travel to pay for goods and services or exchange for local currency.
Less common and aren't offered by all financial institutions
In bussiness check may bounce if the account holder has insufficient funds for the amount of the check.
True
False
