IBT Chapter 29-Checking Accounts

IBT Chapter 29-Checking Accounts

Assessment

Flashcard

Computers

9th - 12th Grade

Hard

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25 questions

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1.

FLASHCARD QUESTION

Front

A payee is

Back

the business or person to whom the check is written

2.

FLASHCARD QUESTION

Front

A regular checking account is

Back

designed for customers who write a few checks each month

3.

FLASHCARD QUESTION

Front

A record of an account holder's signature used to verify the identity is called a(n)

Back

signature card

4.

FLASHCARD QUESTION

Front

An overdraft is

Back

the amount that is overdrawn

5.

FLASHCARD QUESTION

Front

Online banking allows customers to 

Back

check their balances, transfer money, pay bills.

6.

FLASHCARD QUESTION

Front

An advantage of checking accounts is that

Back

they enable consumers to keep records of their financial transactions

7.

FLASHCARD QUESTION

Front

The person who wrote the check and is paying the money is the 

Back

drawer

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