Ch 5- class

Question 1

a report of deposits, withdrawals, and bank balances sent to a depositor by a bank

Answer 1

bank statement

Question 2

an endorsement indicating a new owner of a check

Answer 2

special endorsement

Question 3

a bank account from which payments can be ordered by a depositor

Answer 3

checking account

Question 4

an endorsement consisting only of the endorser’s signature

Answer 4

blank endorsement

Question 5

a check with a future date on it

Answer 5

postdated check

Question 6

an endorsement restricting further transfer of a check’s ownership

Answer 6

restrictive endorsement

Question 7

a form showing proof of a petty cash payment

Answer 7

petty cash slip

Question 8

a statement that guides the ethical behavior of a company and its employees

Answer 8

code of conduct

Question 9

a bank card that automatically deducts the amount o a purchase from the checking account of the cardholder

Answer 9

debit card

Question 10

a signature or stamp on the back of a check transferring ownership; three types

Answer 10

endorsement

Question 11

an amount of cash kept on hand and used for making small payments

Answer 11

petty cash

Question 12

a computerized cash payments system that transfers funds without the use of checks, currency, or other paper documents

Answer 12

electronic funds transfer

Question 13

a check that a bank refuses to pay

Answer 13

dishonored check