Question 1

​Which of the following is not a type of savings account?

Accepted Answer

A)  personal checking 
B)  money market 
C)  custodial account 
D)  regular/passbook 
A)  personal checking 
B)  money market 
C)  custodial account 
D)  regular/passbook A

Question 2

Match each term with its definition.
-Payee's signature on the back of a check

Accepted Answer

A) deposit record 
B) deposit slip 
C) electronic funds transfer system 
D) endorsement 
E) endorser
F)third-party check
G)limited check
H)maker
I)MICR numbers
J)money order 
A) deposit record 
B) deposit slip 
C) electronic funds transfer system 
D) endorsement 
E) endorser
F)third-party check
G)limited check
H)maker
I)MICR numbers
J)money order D

Question 3

What is the correct way to write the numerical amount $5.62 as a written amount?

Accepted Answer

A)  Five and 62/100 
B)  Five sixty-two 
C)  Five and sixty-two 
D)  Five .62 
A)  Five and 62/100 
B)  Five sixty-two 
C)  Five and sixty-two 
D)  Five .62 A

Question 4

Match each term with its definition.
-Record of a deposit given to a customer at the time of the deposit

Accepted Answer

A) deposit record 
B) deposit slip 
C) electronic funds transfer system 
D) endorsement 
E) endorser
F)third-party check
G)limited check
H)maker
I)MICR numbers
J)money order 
A) deposit record 
B) deposit slip 
C) electronic funds transfer system 
D) endorsement 
E) endorser
F)third-party check
G)limited check
H)maker
I)MICR numbers
J)money order

Question 5

Match each term with its definition.
-Money produced by the Federal Reserve in the form of paper bills and coins

Accepted Answer

A) ABA number 
B) agent 
C) ATM 
D) bank statement 
E) cashier's check
F)certified check
G)check register
H)checking account
I)currency
J)deposit 
A) ABA number 
B) agent 
C) ATM 
D) bank statement 
E) cashier's check
F)certified check
G)check register
H)checking account
I)currency
J)deposit

Question 6

A bank statement obtained through an ATM usually contains the last _____ transactions made on an account.

Accepted Answer

A)  5 
B)  10 
C)  15 
D)  20 
A)  5 
B)  10 
C)  15 
D)  20

Question 7

Deposits should be always be delivered to the bank:

Accepted Answer

A)  at the same time of day 
B)  on the same day every week 
C)  on the same day at the same time every week 
D)  at different times and days of the week 
A)  at the same time of day 
B)  on the same day every week 
C)  on the same day at the same time every week 
D)  at different times and days of the week

Question 8

Match each term with its definition.
-Payer of the check

Accepted Answer

A) deposit record 
B) deposit slip 
C) electronic funds transfer system 
D) endorsement 
E) endorser
F)third-party check
G)limited check
H)maker
I)MICR numbers
J)money order 
A) deposit record 
B) deposit slip 
C) electronic funds transfer system 
D) endorsement 
E) endorser
F)third-party check
G)limited check
H)maker
I)MICR numbers
J)money order

Question 9

Match each term with its definition.
-Numbers printed on the check in magnetic ink that contain the routing (ABA)number

Accepted Answer

A) deposit record 
B) deposit slip 
C) electronic funds transfer system 
D) endorsement 
E) endorser
F)third-party check
G)limited check
H)maker
I)MICR numbers
J)money order 
A) deposit record 
B) deposit slip 
C) electronic funds transfer system 
D) endorsement 
E) endorser
F)third-party check
G)limited check
H)maker
I)MICR numbers
J)money order

Question 10

There are pros and cons of accepting credit and debit cards for payment in the medical practice.Match the description to either a "pro" or "con." Note: Answers may be used more than once.
-​Businesses see small processing fees for each credit card transaction

Accepted Answer

A) ​pro 
B) ​con 
A) ​pro 
B) ​con

Question 11

Match each term with its definition.
-Itemized list of cash and checks deposited in a checking account

Accepted Answer

A) deposit record 
B) deposit slip 
C) electronic funds transfer system 
D) endorsement 
E) endorser
F)third-party check
G)limited check
H)maker
I)MICR numbers
J)money order 
A) deposit record 
B) deposit slip 
C) electronic funds transfer system 
D) endorsement 
E) endorser
F)third-party check
G)limited check
H)maker
I)MICR numbers
J)money order

Question 12

​There are precautions to be observed when accepting checks.Match whether the following statements are considered a best practice (good policy)or not a best practice (not good policy).Note: Answers may be used more than once.
-​A three-dimensional graphic foil embedded in the check to provide additional protection against duplication

Accepted Answer

A) ​warning bank 
B) ​MP logo 
C) ​padlock icon 
D) ​security screen 
E) ​toner adhesion
F)​chemical reactive paper
G)​prismatic multicolored background
H)​secure document check face
I)​colored pantograph
J)​foil hologram
K)​visible or invisible fibers
L)​thermochromic heat-sensitive icon 
A) ​warning bank 
B) ​MP logo 
C) ​padlock icon 
D) ​security screen 
E) ​toner adhesion
F)​chemical reactive paper
G)​prismatic multicolored background
H)​secure document check face
I)​colored pantograph
J)​foil hologram
K)​visible or invisible fibers
L)​thermochromic heat-sensitive icon

Question 13

The process of verifying that the amounts on the bank statement are consistent with the amounts in the check register is known as:

Accepted Answer

A)  reconciling 
B)  capitalizing 
C)  transferring 
D)  itemizing 
A)  reconciling 
B)  capitalizing 
C)  transferring 
D)  itemizing

Question 14

There are pros and cons of accepting credit and debit cards for payment in the medical practice.Match the description to either a "pro" or "con." Note: Answers may be used more than once.
-​A business that accepts credit cards gives customers another payment option

Accepted Answer

A) ​pro 
B) ​con 
A) ​pro 
B) ​con

Question 15

When sorting currency,bills should be stacked:

Accepted Answer

A)  portrait side up,in order from lowest to highest denomination 
B)  portrait side up,in order from highest to lowest denomination 
C)  portrait side down,in order from lowest to highest denomination 
D)  portrait side down,in order from highest to lowest denomination 
A)  portrait side up,in order from lowest to highest denomination 
B)  portrait side up,in order from highest to lowest denomination 
C)  portrait side down,in order from lowest to highest denomination 
D)  portrait side down,in order from highest to lowest denomination

Question 16

There are pros and cons of accepting credit and debit cards for payment in the medical practice.Match the description to either a "pro" or "con." Note: Answers may be used more than once.
-Adds another layer of detail to your business's bookkeeping practices

Accepted Answer

A) ​pro 
B) ​con 
A) ​pro 
B) ​con

Question 17

​This kind of check is often used by insurance companies

Accepted Answer

A)  ​limited 
B)  ​cryptonic 
C)  ​voucher 
D)  ​certified 
A)  ​limited 
B)  ​cryptonic 
C)  ​voucher 
D)  ​certified

Question 18

If a mistake is made in writing a check,it is necessary to write "_____" across the check and stub and write a new one.

Accepted Answer

A)  ERROR 
B)  OMIT 
C)  VOID 
D)  DO NOT USE 
A)  ERROR 
B)  OMIT 
C)  VOID 
D)  DO NOT USE

Question 19

​Precautions must be taken when determining the banking procedures within a practice.Which of the following is an example of banking concerns?

Accepted Answer

A)  ​possible loss of funds 
B)  ​identity of patients 
C)  ​potential HIPAA violations 
D)  ​all of the above 
A)  ​possible loss of funds 
B)  ​identity of patients 
C)  ​potential HIPAA violations 
D)  ​all of the above

Question 20

Match each term with its definition.
-Person authorized to act for another person

Accepted Answer

A) ABA number 
B) agent 
C) ATM 
D) bank statement 
E) cashier's check
F)certified check
G)check register
H)checking account
I)currency
J)deposit 
A) ABA number 
B) agent 
C) ATM 
D) bank statement 
E) cashier's check
F)certified check
G)check register
H)checking account
I)currency
J)deposit

Exam 33: Banking Procedures

​Which of the following is not a type of savings account?

Match each term with its definition. -Payee's signature on the back of a check

What is the correct way to write the numerical amount $5.62 as a written amount?

Match each term with its definition. -Record of a deposit given to a customer at the time of the deposit

Match each term with its definition. -Money produced by the Federal Reserve in the form of paper bills and coins

A bank statement obtained through an ATM usually contains the last _____ transactions made on an account.

Deposits should be always be delivered to the bank:

Match each term with its definition. -Payer of the check

Match each term with its definition. -Numbers printed on the check in magnetic ink that contain the routing (ABA)number

There are pros and cons of accepting credit and debit cards for payment in the medical practice.Match the description to either a "pro" or "con." Note: Answers may be used more than once. -​Businesses see small processing fees for each credit card transaction

Match each term with its definition. -Itemized list of cash and checks deposited in a checking account

The process of verifying that the amounts on the bank statement are consistent with the amounts in the check register is known as:

There are pros and cons of accepting credit and debit cards for payment in the medical practice.Match the description to either a "pro" or "con." Note: Answers may be used more than once. -​A business that accepts credit cards gives customers another payment option

When sorting currency,bills should be stacked:

There are pros and cons of accepting credit and debit cards for payment in the medical practice.Match the description to either a "pro" or "con." Note: Answers may be used more than once. -Adds another layer of detail to your business's bookkeeping practices

​This kind of check is often used by insurance companies

If a mistake is made in writing a check,it is necessary to write "_____" across the check and stub and write a new one.

​Precautions must be taken when determining the banking procedures within a practice.Which of the following is an example of banking concerns?

Match each term with its definition. -Person authorized to act for another person

The Medical Assistant

The Health Care Team and the Medical Environment,past and Present

Legal Issues

Ethical Issues

Verbal and Nonverbal Communications

Applying Communication Skills

Introduction to Medical Terminology

Understanding and Building Medical Terms of Body Systems

Anatomic Descriptors and Fundamental Body Structure

The Nervous System

The Senses

The Integumentary System

The Skeletal System

The Muscular System

The Respiratory System

The Circulatory System

The Immune System

The Digestive System

The Urinary System

The Endocrine System

The Reproductive System

Telephone Communications

Written Communications

The Office Environment, computers, and Equipment

Scheduling Appointments and Receiving Patients

The Medical Record,documentation,and Filing

Health Insurance

A Icd-10 Update: Procedural and Diagnostic Coding

Procedural and Diagnostic Coding

Patient Accounts

Preparing Insurance Claims and Posting Insurance Payments

Patient Billing,posting Patient Payments,and Collecting Fees

Accounts Payable and Accounting Procedures

Infection Control and Medical Asepsis

The Medical History and Patient Screening

Body Measurements and Vital Signs

Preparing for Examinations

The Physical Exam

Specialty Exams and Other Procedures

Obgyn Examinations

Pediatric Examinations

The Physicians Office Laboratory

Specimen Collection and Processing

Blood Specimen Collection

Diagnostic Testing

Cardiology Procedures

Radiology Procedures

Preparing for Surgery

Assisting With Minor Surgery

Pharmacology Fundamentals

Measurement Systems,basic Mathematics,and Dosage Calculations

Administering Oral and Non-Injectable Medications

Administering Injections and Immunizations

Emergencies in the Medical Office and the Community

First Aid for Accidents and Injuries

Rehabilitation

Nutrition,exercise,and Healthy Living

Practicum and the Job Search

Managing the Office

Filters

Which of the following is not a type of savings account?

There are pros and cons of accepting credit and debit cards for payment in the medical practice.Match the description to either a "pro" or "con." Note: Answers may be used more than once. -Businesses see small processing fees for each credit card transaction

There are pros and cons of accepting credit and debit cards for payment in the medical practice.Match the description to either a "pro" or "con." Note: Answers may be used more than once. -A business that accepts credit cards gives customers another payment option

This kind of check is often used by insurance companies

Precautions must be taken when determining the banking procedures within a practice.Which of the following is an example of banking concerns?