True/False
Indicate whether the sentence or statement is true or
false.
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1
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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
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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
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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
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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
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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
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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
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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
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The two main types of checking accounts are interest-bearing and ____________.
(single word answer; spelling counts.
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9
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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
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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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