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Maria prefers an endorsement that will make sure checks are used for deposits only to her business account. Which type of endorsement is preferred?
Restrictive endorsement
Clearinghouse
Write in the purpose of the check
Completing a signature card
Participating in open market activities
Approving bank mergers
Writing the appropriate information in the check register
Full
Which is the FIRST step in opening a checking account?
Restrictive endorsement
Clearinghouse
Write in the purpose of the check
Completing a signature card
Participating in open market activities
Approving bank mergers
Writing the appropriate information in the check register
Full
Which is the FIRST step in the check writing process?
Restrictive endorsement
Clearinghouse
Write in the purpose of the check
Completing a signature card
Participating in open market activities
Approving bank mergers
Writing the appropriate information in the check register
Full
Phil is writing a company check and just completed writing the amount of the check in words. What should Phil do NEXT?
Restrictive endorsement
Clearinghouse
Write in the purpose of the check
Completing a signature card
Participating in open market activities
Approving bank mergers
Writing the appropriate information in the check register
Full
The Federal Reserve System approved the merger of Wachovia Bank and Wells Fargo Bank. This is an example of which service of the Federal Reserve System?
Restrictive endorsement
Clearinghouse
Write in the purpose of the check
Completing a signature card
Participating in open market activities
Approving bank mergers
Writing the appropriate information in the check register
Full
James received a $100 check. He wants to endorse this check over to Steve. Which type of endorsement should James use?
Restrictive endorsement
Clearinghouse
Write in the purpose of the check
Completing a signature card
Participating in open market activities
Approving bank mergers
Writing the appropriate information in the check register
Full
The Federal Reserve System aids in transferring funds between banks in North Carolina and New Jersey. This is an example of which service of the Federal Reserve System?
Restrictive endorsement
Clearinghouse
Write in the purpose of the check
Completing a signature card
Participating in open market activities
Approving bank mergers
Writing the appropriate information in the check register
Full
The Federal Reserve System supplied the monetary system with $300 billion. This is an example of which service of the Federal Reserve System?
Restrictive endorsement
Clearinghouse
Write in the purpose of the check
Completing a signature card
Participating in open market activities
Approving bank mergers
Writing the appropriate information in the check register
Full
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