Banking and Finance (145) 2025/2026
Exam Questions and Correct Answers |
New Update
Writing the words "For Deposit Only" on the back of a check before your
signature constitutes a __________
a. blank endorsement
b. special endorsement
c. restrictive endorsement
d. doing endorsement - 🧠ANSWER ✔✔c
An automated teller machine may be used to _________
a. buy stock
b. reconcile an account
c. make a loan payment
,d. purchase a cashier's check - 🧠ANSWER ✔✔c
A check written by the bank on its own funds is a _______.
a. cashier's check
b. money order
c. certified check
d. EFT - 🧠ANSWER ✔✔a
____________ is an automatic loan made to you by a financial institution if
you write a check or make a debit charge for more money than you have in
your account.
a. Overdraft protection
b. A stop-payment order
c. A debit card payment
d. A pay back loan - 🧠ANSWER ✔✔a
A(n) _______ is a report that accounts for the differences between a bank
statement and a checkbook balance.
a. annual report
,b. endorsement
c. bank reconciliation
d. bank report - 🧠ANSWER ✔✔c
A computer-based system that moves money from one account to another
without writing a check or using cash is a(n) _________.
a. EFT
b. NSF
c. ATM
d. FDIC - 🧠ANSWER ✔✔a
The person who writes a check is referred to as the _________.
a. payee
b. drawer
c. drawee
d. payer - 🧠ANSWER ✔✔b
The value of a house, less the amount still owed on the money borrowed to
purchase it, is called the __________.
3
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, a. mortgage
b. spread
c. points
d. equity - 🧠ANSWER ✔✔d
A type of debt that allows you to borrow money up to a set limit without
having to make more than the minimum payment each month is a(n)
______________.
a. installment loan
b. unsecured loan
c. secured loan
d. revolving loan - 🧠ANSWER ✔✔d
The 9-digit number printed on a check that identifies the bank that holds the
checking account and the Federal Reserve District the bank is located in is
called the ____________.
a. transit/routing number
b. account number
c. MICR number
Exam Questions and Correct Answers |
New Update
Writing the words "For Deposit Only" on the back of a check before your
signature constitutes a __________
a. blank endorsement
b. special endorsement
c. restrictive endorsement
d. doing endorsement - 🧠ANSWER ✔✔c
An automated teller machine may be used to _________
a. buy stock
b. reconcile an account
c. make a loan payment
,d. purchase a cashier's check - 🧠ANSWER ✔✔c
A check written by the bank on its own funds is a _______.
a. cashier's check
b. money order
c. certified check
d. EFT - 🧠ANSWER ✔✔a
____________ is an automatic loan made to you by a financial institution if
you write a check or make a debit charge for more money than you have in
your account.
a. Overdraft protection
b. A stop-payment order
c. A debit card payment
d. A pay back loan - 🧠ANSWER ✔✔a
A(n) _______ is a report that accounts for the differences between a bank
statement and a checkbook balance.
a. annual report
,b. endorsement
c. bank reconciliation
d. bank report - 🧠ANSWER ✔✔c
A computer-based system that moves money from one account to another
without writing a check or using cash is a(n) _________.
a. EFT
b. NSF
c. ATM
d. FDIC - 🧠ANSWER ✔✔a
The person who writes a check is referred to as the _________.
a. payee
b. drawer
c. drawee
d. payer - 🧠ANSWER ✔✔b
The value of a house, less the amount still owed on the money borrowed to
purchase it, is called the __________.
3
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, a. mortgage
b. spread
c. points
d. equity - 🧠ANSWER ✔✔d
A type of debt that allows you to borrow money up to a set limit without
having to make more than the minimum payment each month is a(n)
______________.
a. installment loan
b. unsecured loan
c. secured loan
d. revolving loan - 🧠ANSWER ✔✔d
The 9-digit number printed on a check that identifies the bank that holds the
checking account and the Federal Reserve District the bank is located in is
called the ____________.
a. transit/routing number
b. account number
c. MICR number
