Exam 17: Banking Services and Procedures

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

Many direct deposits are processed through which of the following?

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.

For individuals to be __________, a personal background investigation normally is necessary.

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

Blank endorsements make checks payable to the bearer.

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

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?

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

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

A(n) __________ check has a detachable form that is used to itemize or specify the purpose for which the check is drawn.

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

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 __________.

What is required for a check to be negotiable?

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

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

Checks received in the mail today include those for $23.03, $87, and $830. Checks taken in the office from patients include those for $25, $55, $30, and $255. What is the total in checks that will be included in the day's deposit?

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

The person who writes the check is called the drawee.