Banking and Financial Terms

What is a blank endorsement?

• A financial instrument such as a check signed but with no designated payee

• A check that has been endorsed by the payee

• A check that has been cancelled by the account holder

• A check that has been sent to the bank for payment

What is a register in banking?

• The financial event, stored data, record of charges

• A document sent by the bank to the account holder

• A financial instrument such as a check

• A statement issued by the bank for loan approval

What are outstanding checks?

• Checks that have been written and subtracted from the account holder's checkbook but not sent to the bank for payment yet

• Checks that have been sent to the bank for payment but not yet cleared

• Checks that have been cancelled by the account holder

• Checks that have been lost or stolen

What is a full/special endorsement?

• An endorsement where the endorser puts their signature on the instrument and writes the name of the person to whom the payment is to be made

• An endorsement where the check is fully paid by the bank

• An endorsement where the check is partially paid by the bank

• An endorsement where the check is cancelled

What is a bank statement?

• A document sent by the bank to the account holder every month summarizing transactions of the account during the month

• A statement issued by the account holder to the bank

• A statement issued by the bank to the account holder for opening a new account

• A statement issued by the bank for loan approval

What fees are associated with a checking account?

• Monthly service, overdraft, nonsufficient funds, ATM, paper statement, foreign transaction, account closure

• Monthly service, overdraft, ATM, paper statement

• Overdraft, nonsufficient funds, ATM, foreign transaction, account closure

• Monthly service, nonsufficient funds, foreign transaction