Banking Review

Front

Which type of check endorsement begins with "For deposit only to account No. 123456........."?

Back

restrictive

Front

Which type of check endorsement begins with "Pay to the order of Marcia Bernas....

Back

special

Front

Which type of check endorsement would consist of an individual's signature only?

Back

blank

Front

When writing a check, it is a good idea to use

Back

blue or black ink pen

Front

Outstanding checks are checks written by the account owner but have yet to be processed by the bank.

Back

True

Front

When it comes to saving money, what is a good rule of thumb? Options: Keep most of your savings in your checking account, Put aside money for savings each month, Choose the savings account with the lowest interest rate, Put anything you can't afford on your credit card

Back

Put aside money for savings each month

Front

What is one difference between Banks and Credit Unions?

Back

Banks are for profit. Credit Unions are Not-For-Profit.

Front

What is the amount of money required to be in an account?

Back

Minimum Balance

Front

You should keep your pin number in your wallet.

Back

False

Front

What is the name of a legal document that functions like cash?

Back

Check