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Ch. 32 & 33 - Study Guide Exam Question And Answers 2024
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Ch. 32 & 33 - Study Guide Exam Question And Answers 2024
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Ch. 32 & 33 - Study Guide ExamQuestion And Answers 2024
The process of performing banking transactions with a
smart phone or personal digital assistant (PDA) is known
as _____ banking. - correct answers✅mobile
an overdraft is when: - correct answers✅a check is
more than the amount in the bank account
The use of checks became common: - correct
answers✅after World War II (WWII)
As soon as cash money is received in the office, it should
be: - correct answers✅placed out of sight in a secure
location
A(n) _____ check is paid directly from a checking account
via the Internet. - correct answers✅electronic
A _____ check is a check presented too long after it was
written to be honored by the bank. - correct
answers✅stale
Traveler's checks are listed as ______ on a deposit slip. -
correct answers✅checks
,Ch. 32 & 33 - Study Guide Exam
Question And Answers 2024
A check must include some form of which phrase to be
negotiable? - correct answers✅pay to the order of
The _____ is the amount in numbers that the check is
written for. - correct answers✅numeric amount
The check routing symbol is commonly _____ on a
personal check. - correct answers✅hyphenated
The MICR numbers are numbers and symbols and contain
the nine-digit _____ number. - correct answers✅routing
A _____ endorsement states, "PAY TO THE ORDER OF
(name of bank where the check is to be deposited)." -
correct answers✅restrictive
A check will be instantly returned by the bank if: -
correct answers✅the signature is missing
You should not accept a check that is: - correct
answers✅written for more than the amount due so the
patient can have some cash in hand
When writing a check, the date: - correct answers✅can
be written or numerical
, Ch. 32 & 33 - Study Guide Exam
Question And Answers 2024
What is the correct way to write the numerical amount
$5.62 as a written amount? - correct answers✅Five
and 62/100
When completing a stub or register, you should: - correct
answers✅bring forward the balance from the previous
stub or entry
If a mistake is made in writing a check, it is necessary to
write "_____" across the check and stub and write a new
one. - correct answers✅VOID
When sorting currency, bill should be stacked: - correct
answers✅portrait side up, in order from highest to
lowest denomination
When preparing a deposit slip, if there are more checks
than can be listed in the front of the slip, you should: -
correct answers✅use the back, total the amount, and
bring it forward to the correct line
Deposits should be always be delivered to the bank: -
correct answers✅at different times and days of the
week
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