checkbook vocab quiz

Question 1

a record maintained by financial services institutions to verify a customer’s signature

Answer 1

signature card

Question 2

the minimum dollar amount that a customer might have in an account to receive some service benefit

Answer 2

minimum balance

Question 3

a small paper form that a bank customer includes when depositing funds

Answer 3

deposit slip

Question 4

when a check is returned to the payees bank due to insufficient funds

Answer 4

bounced check

Question 5

not valid or legally binding

Answer 5

void

Question 6

something that orders a bank to pay a specific amount of money

Answer 6

check

Question 7

the act of saying that you approve of or support something or someone

Answer 7

endorsement

Question 8

the journal that records all the checks, cash and cash out lay during an accounting period

Answer 8

check register

Question 9

a printed record of the balance in a bank account and the amounts that have been paid into it and withdrawn from it

Answer 9

bank statement

Question 10

a check that has cleared your account

Answer 10

cancelled check