WorksheetsCheck and Banking Quiz
Total questions: 10
Worksheet time: 14mins
What is a check, and how is it also known?
A. A loan document; a promissory note
B. A negotiable instrument; a draft
C. A credit card; a payment card
D. A stock certificate; an equity instrument
What are 3 requirements for a check under UCC?
A. Payable upon demand
B. Maker must sign the check
C. Written for a specific amount
D. Made payable to Maker.
List all the elements that make a check negotiable (Dr. Damps).
Reg CC regulates the availability of .
A. Tellers
B. Tuition
C. Funds
D. Cream of Corn
What action should be taken if True Checks recommends a hold?
A. Ignore the recommendation
B. Automatically approve the check
C. Place a hold on the check
D. Contact the account holder
What are the steps in the Check Hold Review Criteria for payroll checks.
A. VOD, Returned Checks, NBA
B. ODP, NSF, TUV
C. Depth of Relationship, Returned item, DOC
VOD, NSF, and ODP
"For deposit only to account #12345678." is an example of which type of endorsement?
A. Blank
B. Restrictive
C. Special
D. Conditional
E. Qualified
A cashier's check can be left blank or made payable to cash.
A. True
B. False
Personal check that the bank certifies is genuine and that there is enough money to cover the check.
A. blank check
B. certified check
C. money order
D. traveler's check
What is a check that has not been returned for processing to the financial institution from where it originated?
A. Oustanding
B. Voided
C. Cashed
D. Authorized
