All state and national banks are required to join the Federal Reserve System.
Chapter 17 Test Review

Quiz
•
Business
•
10th Grade
•
Medium

Jenell Warren
Used 4+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The most common way for a bank to be organized is as a mutual savings bank.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Not even the bank has the right to open your safe deposit box
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you lose your debit card, your liability for unauthorized use is only $50 if you notify your financial institution within two days of the loss.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A blank endorsement makes a check payable to anyone who has the check.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The paying of checks among different banks in different cities is called
kiting
clearing
bouncing
reserving
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Mutual savings banks are organized mainly for
business loans
automobile loans
savings and home loans
check cashing
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