Banking

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

• blank

• restrictive

• special/full

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

• blank

• restrictive

• special/full

A cheque that is older that 3 months old is called a stale check.

• true

• false

The drawer is the person writing cheque

• True

• False

What type of endorsement is the most secure?

• Blank Endorsement

• Restrictive Endorsement

• Endorsement in Full

• Full Endorsement

A bank is...

• a business that keep money for customers and makes loans.

• a company that uses your money for bartering.

• an organization that holds money and other valuable assets.

• a business that borrows money from you.

A sum of money borrowed for a certain amount of time is called a....

• loan

• down payment

• interest

• borrow

Putting money into the bank is called a...

• deposit

• loan

• interest

• withdrawal

The amount of money in your account is called the...

• balance

• final amount

• barter

• dividend

This is?

• cheque

• currency

• coins