To supervise and regulate member banks and to help banks serve the public efficiently
100
The financial institution most likely to charge the highest rate for a loan would be a
What is Pawnshop
100
True or False using a debit card is similar to writing a check
What is True
100
The first document that must be completed when opening a checking account is the
What is signature card
100
What is Endorsement
a written evidence that you receive payment or that you transfer your right of receiving payment to someone else
200
What is Credit Union ?
A user-owned, not for profit, cooperative financial institution is
200
If deposit insurance is most important to you when selecting a financial institution, you are most concerned with
What is Safety
200
A safe deposit box is best used for storing
What is home ownership documents
200
A personal check with guaranteed payment is a
What is certified check
200
What is check register
A separate book
300
What is Commercial Banking?
The most common way for a bank to be organized is
300
There are four basic types of banking services what are the four ?
What is Saving accounts , Checking and other payment accounts, Loans and other credit plans, other services, such as safe deposit, boxes, trusts, and investment advice
300
What type of checking account usually requires the highest balance to be kept on deposit
What is an interest-earning account
300
What are two elements of a check
What is drawer and payee
300
What is Stop Payment Order
A written notice that tells the bank that tells the bank not to pay a certain check
400
What is Federal Deposit Insurance Corporation ?
The federal agency that helps to regulate banks and other financial institutions
400
Name a activity banking services often use are
What is Plant Crops
400
How much does a bank charge a customer with a activity account for each check written
What is 10 to 20 cents
400
Name two parts of a check
What is Amount in words and Check number
400
What is Bank Statement
The bank will send you a report on the status of your account
500
What is service charge ?
A fee a bank charges for handling a checking account
500
What type of bank will not allow you to make a deposit
What is Federal Reserve Bank
500
Debit cards are used in one of two ways which are
What is you sign a receipt and provide you personal indentification number
500
What are three types of endorsement
What is Special , two signature and Restrictive
500
What is Service Charge
a fee a bank charges for handling a checking account