5.2 Review - Finance

5.2 Review - Finance

Assessment

Flashcard

Financial Education

9th - 12th Grade

Hard

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8 questions

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1.

FLASHCARD QUESTION

Front

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

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