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Consumer Economics > Chapter 9-Checking Accounts And Other Banking Services > Flashcards

Chapter 9-Checking Accounts And Other Banking Services Flashcards

0
Q

The record of checks written and deposits made in a checking account, kept by the depositor

A

Checkbook register

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1
Q

Occurs when a depositor writes a check on an account that is insufficient to cover a check

A

Overdraft

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2
Q

A…check is one that has been processed by the bank and has been subtracted from the depositor’s account

A

Cancelled

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3
Q

The payee simply signing his or her name as it appears on the front of the check is making a….endorsement

A

Blank

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4
Q

A…endorsement, such as “for deposit only” limits the negotiability of a check

A

Restrictive

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5
Q

A…is a check guaranteed by the bank

A

Certified check

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6
Q

To open an account, either checking or savings, you first must fill out and sign a signature authorization form

A

True

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8
Q

A check drawn against the bank’s own funds

A

Cashier’s check

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9
Q

The process of matching your checkbook register with the bank statement

A

Reconciliation

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10
Q

A request to the bank not to cash a check

A

Stop payment order

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11
Q

An endorsement signing a check over to a third person

A

Special endorsement

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12
Q

A debit card is the same as a credit card

A

False

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13
Q

Most financial institutions offer online and telephone banking services

A

True

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15
Q

When a minimum balance is not maintained in a checking account, the bank will usually waive a service charge

A

False

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17
Q

A written order to the bank to pay a stated amount to the person or business name on it

A

Check

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18
Q

It is important to reconcile your checkbook immediately when you receive the bank statement

A

True

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21
Q

A check that you have written that doesn’t appear on your bank statement

A

Outstanding check

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22
Q

A deposit that you made that doesn’t appear on your bank statement

A

Outstanding deposit

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23
Q

Interest-bearing accounts pay interest when the minimum balance is maintained

A

True

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24
Q

A…is a banking service in which a customer deposits money and writes checks to withdraw at his or her conveniences

A

ATM

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25
Q

An account on which the depositor can demand money at any time

A

Demand deposit

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26
Q

The person to whom the check is made payable to

A

Payee

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27
Q

The person authorized to write checks on an account

A

Depositor

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28
Q

Paper money in the form of dollar bills, fives, tens, and so on

A

Currency

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30
Q

When a check has been lost or stolen, you should request a stop payment order

A

True

31
Q

A…endorsement results when the payee signs on the back of the check “for deposit only” and signs his or her name

A

Restrictive

32
Q

A….is sent to the bank regularly, listing checks and deposits processed by the bank, as well as charges and credits to an account

A

Bank statement

33
Q

Banks rarely charge fees to their customers to cover operating costs

A

False

34
Q

What is a check written by a bank on its own funds called?

A

Cashier’s check

35
Q

Checks over…old may not be honored by a bank

A

6 months

36
Q

A safe place to keep stocks and bonds, deeds, and other important documents

A

Safe deposit box

37
Q

A…endorsement results when the payee signs over a check to a third person

A

Special

38
Q

Insurance up to…on each amount is provided for depositors by the FDIC

A

$250,000

39
Q

When payment on a check is prevented by the bank before it can make it to the payee

A

Stop payment order

40
Q

Account charges customers fees based on the number of checks written per month; a minimum balance is usually not required

A

Special

41
Q

How old was Mary Shelly when she wrote Frankenstien

A

19

42
Q

What is Victor interested in learning

A

Heaven and earth

43
Q

What are Victor’s aspiration

A

How nature works

44
Q

Why does Victor admire the philosophers and scientists mentioned

A

They explain how man and nature work

45
Q

How does Victor change throughout the story

A

Physically-he losses his social life, growing sickly, he’s much more nervous
Mentally-forgetting about little pleasures, losing love for nature

46
Q

Describe the creatures appearance

A

Yellow skin, watery eyes, black lips

47
Q

What is Victor’s response to the creature

A

He thought it was going to be great he is disgusted by it

48
Q

What are characteristics of John Keats

A

Terminal illness-died at 25, tragic life, focused on the emotions of an individual

49
Q

A personal check that the bank guarantees to be good

A

Certified check

50
Q

What is the state of the statue in “Ozymandias”

A

2 vast and trunk less legs of stone, half, shattered face whose frown and wrinkled lips with a sneer of cold command

51
Q

What are some characteristics of Percy Shelly

A

Non conformist, wrote against injustice, and drowned at sea

52
Q

Who wrote “Ozymandias”

A

Percy Shelly

53
Q

Financial institutions usually do not charge a fee for checking account services

A

False

54
Q

“When I Have Fears That I May Cease to Be” describe the mood

A

It’s sad because he is thinking of the three main things he’ll miss

55
Q

In “Ozymandias” what is ironic about the inscription on the statue

A

He says to be amazed by all his work, but only decay remains

56
Q

“Bright Star, Would I Were Steadfast as Thou Art” what things does the speaker want

A

He wants to be like the star who is steadfast and not alone. He doesn’t want to die so he can enjoy his love

58
Q

“When I Have Fears That I May Cease to Be” what three concerns does Keats have

A

He fears he’ll die before finishing his work, miss nature, and he will never see his love again

59
Q

In “When I Have Fears That I May Cease to Be” what was the theme

A

Fame and love from others is nothing, only a cover up for ones loneliness

60
Q

What theme is conveyed in “Ozymandias”

A

Don’t build yourself up to be high and mighty because eventually there will be nothing left

61
Q

“Bright Star, Would I Were Steadfast as Thou Art” describe the mood of the poem

A

He’s in love and lonely

63
Q

What kind of being had Victor intended to create? How and why did that intension fail

A

Wanted to be the creator and have it worship him, but it’s ugly and needs help

64
Q

Cards provide immediately deductions from your checking when you make a purchase

A

Debit

65
Q

Electronic funds transfer (EFT) involves the use of ATM machines

A

True

66
Q

“When I Have Fears That I May Cease to Be” who wrote it

A

John Keats

67
Q

Checking accounts at credit unions

A

Share draft

68
Q

To write a check when you know there are temporarily not enough funds to cover the check

A

Floating check

76
Q

How are Victor and Elizabeth different

A

Elizabeth is more calm and compassionate

Consumer Economics (10 decks)

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