Podcast
Questions and Answers
Who is the drawer in a check?
Who is the drawer in a check?
- The one who is named on the check
- The one writing the check and whose signature appears on it (correct)
- The one entitled to payment from the drawee
- The bank where the account is maintained
What does the payee refer to in a check?
What does the payee refer to in a check?
- The bearer of the check
- The one writing the check
- The bank in which the account is maintained
- The one named on the check and entitled to payment (correct)
What is the drawee in a check?
What is the drawee in a check?
- The bank in which the account is maintained (correct)
- The one writing the check
- The bank where the drawer's account is maintained
- The bank that pays the check
What happens if there are erasures in a check according to the text?
What happens if there are erasures in a check according to the text?
What does a bank statement typically show?
What does a bank statement typically show?
What is considered a liability of the bank according to the text?
What is considered a liability of the bank according to the text?
What is a savings account primarily intended for?
What is a savings account primarily intended for?
Which of the following typically evidences a savings account?
Which of the following typically evidences a savings account?
What do bank statements show to depositors?
What do bank statements show to depositors?
Which of the following is NOT a common feature of a savings account?
Which of the following is NOT a common feature of a savings account?
What is the primary purpose of a passbook related to a savings account?
What is the primary purpose of a passbook related to a savings account?
Which document is used to track personal deposits and withdrawals in a bank account?
Which document is used to track personal deposits and withdrawals in a bank account?
What type of account allows withdrawals through designated machines?
What type of account allows withdrawals through designated machines?
Which document(s) are usually required to open a bank account?
Which document(s) are usually required to open a bank account?
What does a deposit slip do at a bank or credit union?
What does a deposit slip do at a bank or credit union?
What is NOT a benefit of having an ATM account?
What is NOT a benefit of having an ATM account?
What is the purpose of listing checks individually on a deposit slip?
What is the purpose of listing checks individually on a deposit slip?
Why is it important to have a paper trail for every transaction?
Why is it important to have a paper trail for every transaction?
