Question 1

Banking by mail is never done now that the use of the Internet is so prevalent.

Accepted Answer

A) True 
 B)False

Question 2

The bank charges a fee of $25 for each of six NSF checks that were returned during the month.If the bank statement balance after outstanding checks are deducted is $12,543.24,what will the balance be after the fees are deducted?

Accepted Answer

The answer of The bank charges a fee of $25...

Question 3

The name of the first endorser of the check indicates the last person who received the money.

Accepted Answer

A) True 
 B)False

Question 4

The person who writes the check is called the drawee.

Accepted Answer

A) True 
 B)False

Question 5

For offices with a no cash policy,which type of payment is typically recommended for patients without a bank account?

Accepted Answer

A)  Cashier's check 
B)  Money order 
C)  Voucher check 
D)  Either A or B 
E)  All of the above 
A)  Cashier's check 
B)  Money order 
C)  Voucher check 
D)  Either A or B 
E)  All of the above

Question 6

Which of the following is not one of the four types of endorsements?

Accepted Answer

A)  Blank 
B)  Quality 
C)  Restrictive 
D)  Special 
A)  Blank 
B)  Quality 
C)  Restrictive 
D)  Special

Question 7

If the medical assistant is allowed to sign checks on the physician's business account,he or she must sign a document at the bank called a

Accepted Answer

A)  confidentiality statement. 
B)  bond. 
C)  signature card. 
D)  noncompete statement. 
A)  confidentiality statement. 
B)  bond. 
C)  signature card. 
D)  noncompete statement.

Question 8

__________ bonds reimburse the physician for any monetary loss caused by employees.

Accepted Answer

The answer of __________ bonds reimburse the physician for any...

Question 9

A check made payable to "Cash" is most commonly used in the physician's office to

Accepted Answer

A)  pay employees. 
B)  provide the physician with funds for travel expenses. 
C)  pay for medical supplies. 
D)  replenish petty cash. 
A)  pay employees. 
B)  provide the physician with funds for travel expenses. 
C)  pay for medical supplies. 
D)  replenish petty cash.

Question 10

Debit card transactions to be added to the deposit include those for $45,$561,and $887.What is the total of these debits?

Accepted Answer

The answer of Debit card transactions to be added to...

Question 11

The first thing that should be done when an NSF check is received at the physician's office is to

Accepted Answer

A)  add the check back to the patient's statement balance. 
B)  call the patient to let the person know that the check was returned. 
C)  send a certified letter to the patient to demand payment for the check. 
D)  add the NSF fee to the patient's statement balance. 
A)  add the check back to the patient's statement balance. 
B)  call the patient to let the person know that the check was returned. 
C)  send a certified letter to the patient to demand payment for the check. 
D)  add the NSF fee to the patient's statement balance.

Question 12

What is the first thing the medical assistant should do when a check is returned unpaid by the bank?

Accepted Answer

A)  Contact the person who wrote the check. 
B)  File it with the district attorney's office. 
C)  Send a letter refusing to see the person as a patient until the matter is resolved. 
D)  Write off the account. 
A)  Contact the person who wrote the check. 
B)  File it with the district attorney's office. 
C)  Send a letter refusing to see the person as a patient until the matter is resolved. 
D)  Write off the account.

Question 13

Many direct deposits are processed through which of the following?

Accepted Answer

A)  ACH 
B)  NACHA 
C)  EPN 
D)  EFT 
A)  ACH 
B)  NACHA 
C)  EPN 
D)  EFT

Question 14

The physician charges $2,400 for a surgical procedure.The patient pays half of the total amount as a deposit and agrees to make payments of $200 each month until the balance is clear.After three payments,what is the patient's balance?

Accepted Answer

The answer of The physician charges $2,400 for a surgical...

Banking by mail is never done now that the use of the Internet is so prevalent.

The bank charges a fee of $25 for each of six NSF checks that were returned during the month.If the bank statement balance after outstanding checks are deducted is $12,543.24,what will the balance be after the fees are deducted?

The name of the first endorser of the check indicates the last person who received the money.

The person who writes the check is called the drawee.

For offices with a no cash policy,which type of payment is typically recommended for patients without a bank account?

Which of the following is not one of the four types of endorsements?

If the medical assistant is allowed to sign checks on the physician's business account,he or she must sign a document at the bank called a

__________ bonds reimburse the physician for any monetary loss caused by employees.

A check made payable to "Cash" is most commonly used in the physician's office to

Debit card transactions to be added to the deposit include those for $45,$561,and $887.What is the total of these debits?

The first thing that should be done when an NSF check is received at the physician's office is to

What is the first thing the medical assistant should do when a check is returned unpaid by the bank?

Many direct deposits are processed through which of the following?

The physician charges $2,400 for a surgical procedure.The patient pays half of the total amount as a deposit and agrees to make payments of $200 each month until the balance is clear.After three payments,what is the patient's balance?

Competency-Based Education and the Medical Assistant Student

The Medical Assistant and the Healthcare Team

Professional Behavior in the Workplace

Therapeutic Communications

Patient Education

Medicine and Law

Medicine and Ethics

Technology and Written Communication in the Medical Office

Telephone Techniques

Scheduling Appointments and Patient Processing

Daily Operations in the Ambulatory Care Setting

The Health Record

Administrative Pharmacology Applications

Basics of Diagnostic Coding

Basics of Procedural Coding

Basics of Health Insurance

Medical Billing and Reimbursement

Patient Accounts,collections and Practice Management

Supervision and Human Resources Management

Medical Practice Marketing and Customer Service

Safety and Emergency Practices

Career Development and Life Skills

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Exam 19: Banking Services and Procedures

Banking by mail is never done now that the use of the Internet is so prevalent.

The bank charges a fee of $25 for each of six NSF checks that were returned during the month.If the bank statement balance after outstanding checks are deducted is $12,543.24,what will the balance be after the fees are deducted?

The name of the first endorser of the check indicates the last person who received the money.

The person who writes the check is called the drawee.

For offices with a no cash policy,which type of payment is typically recommended for patients without a bank account?

Which of the following is not one of the four types of endorsements?

If the medical assistant is allowed to sign checks on the physician's business account,he or she must sign a document at the bank called a

__________ bonds reimburse the physician for any monetary loss caused by employees.

A check made payable to "Cash" is most commonly used in the physician's office to

Debit card transactions to be added to the deposit include those for $45,$561,and $887.What is the total of these debits?

The first thing that should be done when an NSF check is received at the physician's office is to

What is the first thing the medical assistant should do when a check is returned unpaid by the bank?

Many direct deposits are processed through which of the following?

The physician charges $2,400 for a surgical procedure.The patient pays half of the total amount as a deposit and agrees to make payments of $200 each month until the balance is clear.After three payments,what is the patient's balance?

Competency-Based Education and the Medical Assistant Student

The Medical Assistant and the Healthcare Team

Professional Behavior in the Workplace

Therapeutic Communications

Patient Education

Medicine and Law

Medicine and Ethics

Technology and Written Communication in the Medical Office

Telephone Techniques

Scheduling Appointments and Patient Processing

Daily Operations in the Ambulatory Care Setting

The Health Record

Administrative Pharmacology Applications

Basics of Diagnostic Coding

Basics of Procedural Coding

Basics of Health Insurance

Medical Billing and Reimbursement

Patient Accounts,collections and Practice Management

Supervision and Human Resources Management

Medical Practice Marketing and Customer Service

Safety and Emergency Practices

Career Development and Life Skills

Filters