PF - 2nd Semester Exam - Vocabulary

A fee for handling a checking account is called ________.

• Service Charge

• Interest Payment

• Late Fee

• Annual Fee

A bank-issued card that takes money out of your checking account when using it for payment is called ________.

• Debit Card

• Credit Card

• Gift Card

• Prepaid Card

A checking account that typically has a minimum balance and a service charge is called ________.

• Regular Checking Account

• Free Checking Account

• Money Market Account

• Share Draft

A checking account that typically features no minimum balance and no service charge is called ________.

• Free Checking Account

• Premium Checking Account

• Student Savings Account

• Business Checking Account

A checking account held at a credit union is called ________.

• Share Draft

• Regular Checking Account

• Free Checking Account

• Savings Bond

An endorsement consisting only of the signature is called ________.

• Blank Endorsement

• Full Endorsement

• Restrictive Endorsement

• Conditional Endorsement

An endorsement that limits the use of the check to deposit is called ________.

• Restrictive Endorsement

• Blank Endorsement

• Special Endorsement

• Qualified Endorsement

An endorsement that transfers the check to someone else is called ________.

• Special Endorsement

• Blank Endorsement

• Restrictive Endorsement

• Qualified Endorsement

Written evidence that you received payment or transferred your right to receive payment to someone else is called ________.

A checking account held by two or more people is called ________.

• Joint Account

• Individual Account

• Business Account

• Student Account