Certified checks and cashier's checks are not guaranteed by the bank to be paid.

5.2 Review - Finance

Flashcard
•
Financial Education
•
9th - 12th Grade
•
Hard
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8 questions
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1.
FLASHCARD QUESTION
Front
Back
False
2.
FLASHCARD QUESTION
Front
__________ checks provide a readily acceptable and safe form of payment for people who are traveling.
Back
Traveler's
3.
FLASHCARD QUESTION
Front
With overdraft protection, your checks will be covered even if you have insufficient funds in your checking account.
Back
True
4.
FLASHCARD QUESTION
Front
A __________ is a request that the bank not honor a specific check.
Back
stop-payment order
5.
FLASHCARD QUESTION
Front
Financial institutions offer safe deposit boxes to customers to store valuable items or documents.
Back
True
6.
FLASHCARD QUESTION
Front
A(n) __________ is like a check and is used by people who do not want to use cash or who do not have a checking account.
Back
money order
7.
FLASHCARD QUESTION
Front
A check drawn against the banks own funds is a(n) __________.
Back
cashier's check
8.
FLASHCARD QUESTION
Front
_________ cards provide immediate deductions from your checking account when you make a purchase.
Back
Debit
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