Chapter 9 Personal Finance

A ____________ is a personal check that the bank guarantees to be good.

• Stop payment order

• Money order

• Certified Check

The largest source of fees for banks when it comes to checking accounts is

• Wire transfer fees

• Overdraft fees

• Check printing fees

• Interest expense

A notary verifies a person's identity, witnesses the person's signature on a legal document and then "notarizes" the signature is valid. 

• True

• False

Allows users to send money from their mobile devices through a linked bank account or card. 

• Certified Check

• Savings Account

• P2P

• Checking Account

A debit card is the same thing as a credit card.

• True

• False

A booklet used to record checking transactions is called a checkbook

• register

• account

• reconciliation 

• Deposit slip[

A canceled check is one that has been processed by the bank.

• True

• False

Using your debit card to pay for groceries at the supermarket will REDUCE your checking account balance immediately. 

• True

• FAlse

Debit card transactions do not need to be recorded in your checkbook register.

• True

• False

When a check is returned to the payee's bank due to insufficient funds, the check is said to have 

• floated

• been canceled.

• been postdated.

• bounced.