Exam 23: Banking Services and Procedures

Online banking often is called:

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

The petty cash till has 52 quarters, 43 dimes, 19 nickels, and 24 pennies.What is the total amount of change in the till?

The checks received today include $56, $78, $57, $43, and $5,633.12.What is the total amount in checks that will be added to the deposit?

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

A patient writes a check in the amount of $56 toward her account of $569.What is her balance after the payment?

The __________ status is what distinguishes an IRA from an ordinary savings account.

During the monthly reconciliation of the checkbook, the bank statement balance is $16,589.24.The checkbook balance is $16,569.24.The medical assistant should look for a error in what amount?

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

The first step in writing a check is to:

When an account is opened at a bank, the depositor will be required to complete a __________ card.

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

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

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?

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?

Any individual, corporation, or legal party who signs a check or any type of negotiable instrument is considered the:

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?

The maker of the check is the person to whom it is written.

Networks of banks that exchange checks with each other are called __________.