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Consumer Economics > Chapter 9-Checking Accounts And Other Banking Services > Flashcards

Chapter 9-Checking Accounts And Other Banking Services Flashcards

0
Q

The record of checks written and deposits made in a checking account, kept by the depositor

A

Checkbook register

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1
Q

Occurs when a depositor writes a check on an account that is insufficient to cover a check

A

Overdraft

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2
Q

A…check is one that has been processed by the bank and has been subtracted from the depositor’s account

A

Cancelled

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3
Q

The payee simply signing his or her name as it appears on the front of the check is making a….endorsement

A

Blank

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4
Q

A…endorsement, such as “for deposit only” limits the negotiability of a check

A

Restrictive

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5
Q

A…is a check guaranteed by the bank

A

Certified check

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6
Q

To open an account, either checking or savings, you first must fill out and sign a signature authorization form

A

True

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8
Q

A check drawn against the bank’s own funds

A

Cashier’s check

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9
Q

The process of matching your checkbook register with the bank statement

A

Reconciliation

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10
Q

A request to the bank not to cash a check

A

Stop payment order

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11
Q

An endorsement signing a check over to a third person

A

Special endorsement

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12
Q

A debit card is the same as a credit card

A

False

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13
Q

Most financial institutions offer online and telephone banking services

A

True

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15
Q

When a minimum balance is not maintained in a checking account, the bank will usually waive a service charge

A

False

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17
Q

A written order to the bank to pay a stated amount to the person or business name on it

A

Check

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18
Q

It is important to reconcile your checkbook immediately when you receive the bank statement

A

True

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21
Q

A check that you have written that doesn’t appear on your bank statement

A

Outstanding check

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22
Q

A deposit that you made that doesn’t appear on your bank statement

A

Outstanding deposit

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23
Q

Interest-bearing accounts pay interest when the minimum balance is maintained

A

True

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24
Q

A…is a banking service in which a customer deposits money and writes checks to withdraw at his or her conveniences

A

ATM

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25
Q

An account on which the depositor can demand money at any time

A

Demand deposit

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26
Q

The person to whom the check is made payable to

A

Payee

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27
Q

The person authorized to write checks on an account

A

Depositor

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28
Q

Paper money in the form of dollar bills, fives, tens, and so on

A

Currency

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30
When a check has been lost or stolen, you should request a stop payment order
True
31
A...endorsement results when the payee signs on the back of the check "for deposit only" and signs his or her name
Restrictive
32
A....is sent to the bank regularly, listing checks and deposits processed by the bank, as well as charges and credits to an account
Bank statement
33
Banks rarely charge fees to their customers to cover operating costs
False
34
What is a check written by a bank on its own funds called?
Cashier's check
35
Checks over...old may not be honored by a bank
6 months
36
A safe place to keep stocks and bonds, deeds, and other important documents
Safe deposit box
37
A...endorsement results when the payee signs over a check to a third person
Special
38
Insurance up to...on each amount is provided for depositors by the FDIC
$250,000
39
When payment on a check is prevented by the bank before it can make it to the payee
Stop payment order
40
Account charges customers fees based on the number of checks written per month; a minimum balance is usually not required
Special
41
How old was Mary Shelly when she wrote Frankenstien
19
42
What is Victor interested in learning
Heaven and earth
43
What are Victor's aspiration
How nature works
44
Why does Victor admire the philosophers and scientists mentioned
They explain how man and nature work
45
How does Victor change throughout the story
Physically-he losses his social life, growing sickly, he's much more nervous Mentally-forgetting about little pleasures, losing love for nature
46
Describe the creatures appearance
Yellow skin, watery eyes, black lips
47
What is Victor's response to the creature
He thought it was going to be great he is disgusted by it
48
What are characteristics of John Keats
Terminal illness-died at 25, tragic life, focused on the emotions of an individual
49
A personal check that the bank guarantees to be good
Certified check
50
What is the state of the statue in "Ozymandias"
2 vast and trunk less legs of stone, half, shattered face whose frown and wrinkled lips with a sneer of cold command
51
What are some characteristics of Percy Shelly
Non conformist, wrote against injustice, and drowned at sea
52
Who wrote "Ozymandias"
Percy Shelly
53
Financial institutions usually do not charge a fee for checking account services
False
54
"When I Have Fears That I May Cease to Be" describe the mood
It's sad because he is thinking of the three main things he'll miss
55
In "Ozymandias" what is ironic about the inscription on the statue
He says to be amazed by all his work, but only decay remains
56
"Bright Star, Would I Were Steadfast as Thou Art" what things does the speaker want
He wants to be like the star who is steadfast and not alone. He doesn't want to die so he can enjoy his love
58
"When I Have Fears That I May Cease to Be" what three concerns does Keats have
He fears he'll die before finishing his work, miss nature, and he will never see his love again
59
In "When I Have Fears That I May Cease to Be" what was the theme
Fame and love from others is nothing, only a cover up for ones loneliness
60
What theme is conveyed in "Ozymandias"
Don't build yourself up to be high and mighty because eventually there will be nothing left
61
"Bright Star, Would I Were Steadfast as Thou Art" describe the mood of the poem
He's in love and lonely
63
What kind of being had Victor intended to create? How and why did that intension fail
Wanted to be the creator and have it worship him, but it's ugly and needs help
64
Cards provide immediately deductions from your checking when you make a purchase
Debit
65
Electronic funds transfer (EFT) involves the use of ATM machines
True
66
"When I Have Fears That I May Cease to Be" who wrote it
John Keats
67
Checking accounts at credit unions
Share draft
68
To write a check when you know there are temporarily not enough funds to cover the check
Floating check
76
How are Victor and Elizabeth different
Elizabeth is more calm and compassionate

Consumer Economics (10 decks)

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