BPA – BANKING AND FINANCE PRACTICE TEST
Bouncing a Check - ANSWER dishonored check- writing a check and not
having the funds in the account
Negotionable instruments - ANSWER A written order promising to pay a sum
of money ex. Checks, bank drafts, cashier's checks, certified checks
overdraft protection - ANSWER an automatic loan made to an account if the
balance will not cover checks written
People use a bank reconciliation report to - ANSWER balance their checkbook
blank endorsement - ANSWER
restrictive endorsement - ANSWER
full endorsement - ANSWER
Person who writes the check - ANSWER drawer
Person who is receiving the check - ANSWER payee
Is you make a mistake writing a check write - ANSWER VOID
People should endorse checks in the presence of a - ANSWER teller
To balance a checkbook - ANSWER Subtract outstanding checks from the
bank balance
Bank Tellers are expected to - ANSWER Balance their cash drawers, provide
money and coins to customers, and sell bank products (ex. CDs, and savings
bonds)
For a bank, deposits are - ANSWER liabilities
For a bank, loans are - ANSWER assets
Bouncing a Check - ANSWER dishonored check- writing a check and not
having the funds in the account
Negotionable instruments - ANSWER A written order promising to pay a sum
of money ex. Checks, bank drafts, cashier's checks, certified checks
overdraft protection - ANSWER an automatic loan made to an account if the
balance will not cover checks written
People use a bank reconciliation report to - ANSWER balance their checkbook
blank endorsement - ANSWER
restrictive endorsement - ANSWER
full endorsement - ANSWER
Person who writes the check - ANSWER drawer
Person who is receiving the check - ANSWER payee
Is you make a mistake writing a check write - ANSWER VOID
People should endorse checks in the presence of a - ANSWER teller
To balance a checkbook - ANSWER Subtract outstanding checks from the
bank balance
Bank Tellers are expected to - ANSWER Balance their cash drawers, provide
money and coins to customers, and sell bank products (ex. CDs, and savings
bonds)
For a bank, deposits are - ANSWER liabilities
For a bank, loans are - ANSWER assets
