| A | B |
|---|
| A(n) _________ is a banking service in which a customer deposits money and writes checks to withdraw at his or her convenience. | checking account |
| An account on which the depositor can demand money at any time is known as a | demand deposit |
| occurs when a depositor writes a check on an account that is insufficient to cover a check. | overdraft |
| The person to whom a check is made payable is called the | payee |
| The person authorized to write checks on an account is called the | drawer/maker |
| A(n) _________ endorsement requires two signatures. | joint |
| Paper money in the form of dollar bills, fives, tens, and so on | currency |
| the record of checks written and deposits made in a checking account, kept by the depositor. | checkbook register |
| A(n) _________ is sent by the bank regularly, listing checks and deposits processed by the bank, as well as charges and credits to an account. | bank statement |
| A(n) _________ check is one that has been processed by the bank and has been subtracted from the depositor’s account. | canceled |
| The payee simply signing his or her name as it appears on the front of the check is making a(n) _________endorsement. | blank |
| A(n) _________ endorsement, such as “For Deposit Only,” limits the negotiability of a check. | restrictive |
| cards provide immediate deductions from your checking account when you make a purchase. | debit |
| Checking accounts at credit unions are called | share accounts |
| To write a check when you know there are temporarily not enough funds to cover the check is called | floating a check |
| a check guaranteed by the bank. | certified check |
| A check drawn against the bank’s own funds is a | cashier's check |
| The process of matching your checkbook register with the bank statement is called | reconciliation |
| A request to the bank not to cash a check is a | stop payment order |
| An endorsement signing a check over to a third person is a | special endorsement |
