Exam 19: Banking Services and Procedures

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The physician uses a debit card to pay for purchases totaling $46,$50.02,$802.98,and $73.What is the checkbook balance after the debit card purchases if the account balance is $17,394.83 before the transactions?

(Short Answer)

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Question 41

Today's checks include $56,$73,$89,$23,$20,and $82.What is the total in checks for the daily deposit?

(Short Answer)

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Question 42

Most patients who write checks to pay their account with their physician have no intention of fraud.

(True/False)

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Question 43

The stamp "For deposit only" is a restrictive endorsement.

(True/False)

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Question 44

The country is divided into how many Federal Reserve districts?

(Multiple Choice)

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Question 45

Banks ask to be notified within a reasonable time if the customer finds a(n)__________ on his or her bank statement.

(Short Answer)

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Question 46

The deposits in cash today are $657 and the checks total $8,343.What is the total deposit?

(Short Answer)

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Question 47

An insured account requiring a minimum balance that draws interest at a higher percentage than a regular savings account is called a __________ account.

(Multiple Choice)

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Question 48

If a bank cashes a check that is later returned for insufficient funds,whom does it charge to recover the amount lost?

(Multiple Choice)

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Question 49

A capital sum of money due as a debt or used as a fund for which interest is either charged or paid is called

(Multiple Choice)

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Question 50

If the bank charges a fee of $12 each time the average balance drops below $5,000,and this has happened seven times during the year,what is the total in these fees that the physician will pay?

(Short Answer)

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Question 51

Blank endorsements make checks payable to the bearer.

(True/False)

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Question 52

Which of the following is required for a check endorsement?

(Multiple Choice)

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Question 53

A signature on the back of a check whereby the rights of the check are transferred to another party is called a(n)__________.

(Short Answer)

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Question 54

A plan in which payments are transferred,usually electronically,by a paying agency directly to the account of a recipient is called

(Multiple Choice)

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Question 55

The deposit is $3,290.The checkbook balance is $16,561,but the mortgage payment on the physician's building is paid the same day,which is $3,500.What is the checkbook balance?

(Short Answer)

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(83)

Question 56

A(n)__________ endorsement is used in preparing checks for deposit to the physician's checking account.

(Short Answer)

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Question 57

A patient writes a check for $44 that is returned from the bank.The physician charges a fee of $30 for NSF checks.How much should be added back to the patient's account?

(Short Answer)

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Question 58

The currency taken in during the day includes 9 $20s,2 $50s,4 $100s,6 $10s,and 17 $5s.What is the total currency?

(Short Answer)

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Question 59

The deposit is $450.The checkbook balance is $9,872.54.If one debit card transaction is completed on the account for $251.55,what is the balance in the account?

(Short Answer)

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Question 60

Showing 41 - 60 of 74

Exam 19: Banking Services and Procedures

The physician uses a debit card to pay for purchases totaling $46,$50.02,$802.98,and $73.What is the checkbook balance after the debit card purchases if the account balance is $17,394.83 before the transactions?

Today's checks include $56,$73,$89,$23,$20,and $82.What is the total in checks for the daily deposit?

Most patients who write checks to pay their account with their physician have no intention of fraud.

The stamp "For deposit only" is a restrictive endorsement.

The country is divided into how many Federal Reserve districts?

Banks ask to be notified within a reasonable time if the customer finds a(n)__________ on his or her bank statement.

The deposits in cash today are $657 and the checks total $8,343.What is the total deposit?

An insured account requiring a minimum balance that draws interest at a higher percentage than a regular savings account is called a __________ account.

If a bank cashes a check that is later returned for insufficient funds,whom does it charge to recover the amount lost?

A capital sum of money due as a debt or used as a fund for which interest is either charged or paid is called

If the bank charges a fee of $12 each time the average balance drops below $5,000,and this has happened seven times during the year,what is the total in these fees that the physician will pay?

Blank endorsements make checks payable to the bearer.

Which of the following is required for a check endorsement?

A signature on the back of a check whereby the rights of the check are transferred to another party is called a(n)__________.

A plan in which payments are transferred,usually electronically,by a paying agency directly to the account of a recipient is called

The deposit is $3,290.The checkbook balance is $16,561,but the mortgage payment on the physician's building is paid the same day,which is $3,500.What is the checkbook balance?

A(n)__________ endorsement is used in preparing checks for deposit to the physician's checking account.

A patient writes a check for $44 that is returned from the bank.The physician charges a fee of $30 for NSF checks.How much should be added back to the patient's account?

The currency taken in during the day includes 9 $20s,2 $50s,4 $100s,6 $10s,and 17 $5s.What is the total currency?

The deposit is $450.The checkbook balance is $9,872.54.If one debit card transaction is completed on the account for $251.55,what is the balance in the account?

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