module 1

Question 1

funds entrusted by a depositor to a bank for safekeeping

Answer 1

bank account

Question 2

types of bank accounts

Answer 2

• savings
• current or checking account
• time deposit or term deposit

Question 3

earns modest interest rate and intended to encourage savings

Answer 3

savings account

Question 4

normally evidenced by a passbook

Answer 4

savings account

Question 5

savings account are evidenced by?

Answer 5

passbook

Question 6

show deposits and withdrawals in saving account

Answer 6

passbook

Question 7

depositor may receive an automatic teller machine

Answer 7

savings account

Question 8

can be use as debit card

Answer 8

atm of savings account

Question 9

can pay for items by swiping the card and just like a credit card

Answer 9

debit card

Question 10

bank account where depositor can write checks

Answer 10

current or checking account

Question 11

an investment that orders a bank (drawee) to pay the person named on the check or bearer thereof (payee) a definite amount of money from the drawer’s bank acc

Answer 11

check

Question 12

a book containing preprinted blank checks

Answer 12

check book

Question 13

who receives check book

Answer 13

depositor

Question 14

refer to an interest-bearing fund maintained at a bank for a fixed period of time

Answer 14

time deposit / term deposit

Question 15

similar to savings account but earns higher interest

Answer 15

time deposit / term deposit

Question 16

denominated in fixed amounts and cannot be withdrawn until maturity date

Answer 16

time deposit/ term deposit

Question 17

time / term deposit is evidenced by

Answer 17

certificate of time deposit

Question 18

used to take out money or to put in money to the depositor

Answer 18

preparation of bank deposit and withdrawal slip

Question 19

parts of the check

Answer 19

drawer
payee
drawee
date

Question 20

the one writing the check

Answer 20

drawer

Question 21

owner of the money

Answer 21

drawer

Question 22

drawer’s signature appear on the

Answer 22

front

Question 23

instructs the drawee to pay the payee the amount stated on the check

Answer 23

drawer

Question 24

entitled to payment from the drawee

Answer 24

payee

Question 25

named on the check, bearer thereof

Answer 25

payee

Question 26

the one who receives the money

Answer 26

payee

Question 27

the bank in which the drawer's bank acc is maintained

Answer 27

drawee

Question 27

the one who release money

Answer 27

drawee

Question 28

cases of date

Answer 28

antedated postdated

Question 29

dated earlier

Answer 29

antedated

Question 30

later date

Answer 30

postdated

Question 31

what do you call the check that not been encash for period of 6 months or longer

Answer 31

stale check

Question 32

signature of payee i son the

Answer 32

back

Question 33

report issued by the bank

Answer 33

bank statement