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What is a Cashier's check?
A check bought from a bank with payment guaranteed by the bank
A way for people with no checking account to send money by mail
Checking account
E-banking is faster and accepted worldwide.
Add checks outstanding and subtract deposits made since statement
Brokerage firms specialize in buying and selling stocks; credit unions do not
Credit card
A check used in place of cash when traveling for greater security
Darlene needs to borrow money to buy a townhome. What type of financial service would meet this need?
A check bought from a bank with payment guaranteed by the bank
A way for people with no checking account to send money by mail
Checking account
E-banking is faster and accepted worldwide.
Add checks outstanding and subtract deposits made since statement
Brokerage firms specialize in buying and selling stocks; credit unions do not
Credit card
A check used in place of cash when traveling for greater security
How do credit unions and brokerage firms compare?
A check bought from a bank with payment guaranteed by the bank
A way for people with no checking account to send money by mail
Checking account
E-banking is faster and accepted worldwide.
Add checks outstanding and subtract deposits made since statement
Brokerage firms specialize in buying and selling stocks; credit unions do not
Credit card
A check used in place of cash when traveling for greater security
An advantage of E-banking over traditional banking is that:
A check bought from a bank with payment guaranteed by the bank
A way for people with no checking account to send money by mail
Checking account
E-banking is faster and accepted worldwide.
Add checks outstanding and subtract deposits made since statement
Brokerage firms specialize in buying and selling stocks; credit unions do not
Credit card
A check used in place of cash when traveling for greater security
What is a money order?
A check bought from a bank with payment guaranteed by the bank
A way for people with no checking account to send money by mail
Checking account
E-banking is faster and accepted worldwide.
Add checks outstanding and subtract deposits made since statement
Brokerage firms specialize in buying and selling stocks; credit unions do not
Credit card
A check used in place of cash when traveling for greater security
What is a Traveler's check?
A check bought from a bank with payment guaranteed by the bank
A way for people with no checking account to send money by mail
Checking account
E-banking is faster and accepted worldwide.
Add checks outstanding and subtract deposits made since statement
Brokerage firms specialize in buying and selling stocks; credit unions do not
Credit card
A check used in place of cash when traveling for greater security
Sheila is ready to reconcile her bank statement with her check record. What should she do?
A check bought from a bank with payment guaranteed by the bank
A way for people with no checking account to send money by mail
Checking account
E-banking is faster and accepted worldwide.
Add checks outstanding and subtract deposits made since statement
Brokerage firms specialize in buying and selling stocks; credit unions do not
Credit card
A check used in place of cash when traveling for greater security
Jake has a basic account that allows him to deposit and withdraw money, write checks, and receive a monthly statement with no service charge if he maintains a minimum balance of $5
A check bought from a bank with payment guaranteed by the bank
A way for people with no checking account to send money by mail
Checking account
E-banking is faster and accepted worldwide.
Add checks outstanding and subtract deposits made since statement
Brokerage firms specialize in buying and selling stocks; credit unions do not
Credit card
A check used in place of cash when traveling for greater security
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