True/False
Indicate whether the sentence or statement is true or
false.
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| 1. | When writing a check, you
should only use one ‘and’, between the dollars and cents, when writing out the amount of
the check.
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| 2. | When depositing money in your
account at your bank, you should always use a deposit slip (even if the bank doesn’t require
it).
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| 3. | A check that has been changed
by someone other than the owner of the check is known as a overdrawn check.
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| 4. | A check that a bank writes when
drawing on it’s fund in another bank is known as a cashiers check.
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| 5. | EFT is an ancronym for
Electronic Financial Transfer.
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Multiple
Choice
Identify the letter of the choice that best completes the statement or answers the
question.
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| 6. | Which is NOT a type of
endorsement that you might use on a check? a. | blank | b. | common | c. | special or
full | d. | restrictive | | | | | | | | |
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| 7. | A personal check on which the
bank has placed it’s written guarantee that it will be paid is known as a.... a. | certified check | b. | bank draft | c. | cashiers check | d. | money order | | | | | | | | |
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Completion
Complete each sentence or statement.
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| | 8. | The two main types of checking
accounts are interest-bearing and ____________. (single word answer; spelling counts.
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| | 9. | If you have two or more people
on a bank account, it is called a _________ account. (single word answer; spelling
counts)
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| | 10. | The numbers at the bottom of a
check which include the account number and the routing number of the bank, and that are printed in
magnetic ink are known as the _______ numbers. (the answer is an acronym; all CAPS; spelling
counts)
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