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Exam 19: Banking Services and Procedures

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Question 31

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

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Question 32

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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?

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Question 33

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

If a bank cashes a check that is later returned for insufficient funds,whom does it charge to recover the amount lost?

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

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

A patient writes a check for $44 that is returned from the bank.The physician charges a fee of $30 for NSF checks.How much should be added back to the patient's account?

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

Blank endorsements make checks payable to the bearer.

The deposit is $450.The checkbook balance is $9,872.54.If one debit card transaction is completed on the account for $251.55,what is the balance in the account?

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?

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

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?

A(n)__________ endorsement is used in preparing checks for deposit to the physician's checking account.

Today's checks include $56,$73,$89,$23,$20,and $82.What is the total in checks for the daily deposit?

Which of the following is required for a check endorsement?

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

The country is divided into how many Federal Reserve districts?

Banks ask to be notified within a reasonable time if the customer finds a(n)__________ on his or her bank statement.