Exam 23: Banking Services and Procedures

Stop-payment orders are frequently used in day-to-day transactions at the physician's office.

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

The deposit is $5,192.The checkbook balance is $10,432.What is the balance after the deposit is made?

Which of the following would make an instrument nonnegotiable?

__________ is done over the Internet.

A person presenting a check for payment might be called the __________.

The name of the last endorser of the check shows who last __________ the money.

Money orders are best when a person is traveling.

The physician charges $450 for a procedure, and the patient pays one third of the total by check.For what amount is the check written?

The __________ discloses any errors that may exist in the checkbook or, on rare occasions, the bank statement.

Why is accepting third-party checks from patients usually poor policy?

The three most common types of bank accounts are checking accounts, savings accounts, and money market savings accounts.

Checks received in the mail today include those for $90 and $436.If $568 in cash is deposited with the checks, how much is the total deposit?

A total of $50 is kept in currency in the cash drawer.If the drawer contains 7 $20s, 5 $100s, 12 $10s, 22 $5s, and 32 $1s, how much will be included in the day's deposit?

What is represented by the number in the "balance forward" box on the check stub?

__________ bonding covers specific individuals.

Often fees charged by banks to business accounts depend on the services __________.

A person who writes a check is sometimes called the __________.

The two balances that must be reconciled are the patient's account balance and the physician's checkbook balance.

The medical assistant should be __________ rather than reactive when it comes to problem patients.