Personal Finance Final Exam

Front

________________________ is a folder or small book containing preprinted paper instruments issued to checking account holders and used to pay for goods or services.

Back

Checkbook

Front

________________________ a signature or an equivalent stamp that authorizes payment or a transfer of funds, or other financial transaction.

Back

Special Endorsement

Front

________________________ has no designated payee, so the person who possesses it can demand payment.

Back

Blank Endorsement

Front

________________________ is one where the endorser puts his signature on the instrument as well as writes the name of a person to whom order the payment is to be made.

Back

Endorsement

Front

The most common ________________________ is the phrase For Deposit Only written along with the payee's signature on the back of a check.

Back

Restrictive Endorsement

Front

The maker of a bill of exchange or check is called the _____________________.

Back

Drawer

Front

A _____________________ is an individual or organization providing goods or services in exchange for money.

Back

Payee

Front

____________________ is the party that has been ordered by the drawer to pay a certain sum of money to the person presenting the check.

Back

Drawee

Front

____________________ is a record of transactions in a checking account.

Back

Check Register

Front

__________________ includes deposits, charges, withdrawals, as well as the beginning and ending balance for the period, along with any interest earned.

Back

Bank Statement