Chapter 9-Checking Accounts And Other Banking Services Flashcards
The record of checks written and deposits made in a checking account, kept by the depositor
Checkbook register
Occurs when a depositor writes a check on an account that is insufficient to cover a check
Overdraft
A…check is one that has been processed by the bank and has been subtracted from the depositor’s account
Cancelled
The payee simply signing his or her name as it appears on the front of the check is making a….endorsement
Blank
A…endorsement, such as “for deposit only” limits the negotiability of a check
Restrictive
A…is a check guaranteed by the bank
Certified check
To open an account, either checking or savings, you first must fill out and sign a signature authorization form
True
A check drawn against the bank’s own funds
Cashier’s check
The process of matching your checkbook register with the bank statement
Reconciliation
A request to the bank not to cash a check
Stop payment order
An endorsement signing a check over to a third person
Special endorsement
A debit card is the same as a credit card
False
Most financial institutions offer online and telephone banking services
True
When a minimum balance is not maintained in a checking account, the bank will usually waive a service charge
False
A written order to the bank to pay a stated amount to the person or business name on it
Check
It is important to reconcile your checkbook immediately when you receive the bank statement
True
A check that you have written that doesn’t appear on your bank statement
Outstanding check
A deposit that you made that doesn’t appear on your bank statement
Outstanding deposit
Interest-bearing accounts pay interest when the minimum balance is maintained
True
A…is a banking service in which a customer deposits money and writes checks to withdraw at his or her conveniences
ATM
An account on which the depositor can demand money at any time
Demand deposit
The person to whom the check is made payable to
Payee
The person authorized to write checks on an account
Depositor
Paper money in the form of dollar bills, fives, tens, and so on
Currency
When a check has been lost or stolen, you should request a stop payment order
True
A…endorsement results when the payee signs on the back of the check “for deposit only” and signs his or her name
Restrictive
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
Banks rarely charge fees to their customers to cover operating costs
False
What is a check written by a bank on its own funds called?
Cashier’s check
Checks over…old may not be honored by a bank
6 months
A safe place to keep stocks and bonds, deeds, and other important documents
Safe deposit box
A…endorsement results when the payee signs over a check to a third person
Special
Insurance up to…on each amount is provided for depositors by the FDIC
$250,000
When payment on a check is prevented by the bank before it can make it to the payee
Stop payment order
Account charges customers fees based on the number of checks written per month; a minimum balance is usually not required
Special
How old was Mary Shelly when she wrote Frankenstien
19
What is Victor interested in learning
Heaven and earth
What are Victor’s aspiration
How nature works
Why does Victor admire the philosophers and scientists mentioned
They explain how man and nature work
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
Describe the creatures appearance
Yellow skin, watery eyes, black lips
What is Victor’s response to the creature
He thought it was going to be great he is disgusted by it
What are characteristics of John Keats
Terminal illness-died at 25, tragic life, focused on the emotions of an individual
A personal check that the bank guarantees to be good
Certified check
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
What are some characteristics of Percy Shelly
Non conformist, wrote against injustice, and drowned at sea
Who wrote “Ozymandias”
Percy Shelly
Financial institutions usually do not charge a fee for checking account services
False
“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
In “Ozymandias” what is ironic about the inscription on the statue
He says to be amazed by all his work, but only decay remains
“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
“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
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
What theme is conveyed in “Ozymandias”
Don’t build yourself up to be high and mighty because eventually there will be nothing left
“Bright Star, Would I Were Steadfast as Thou Art” describe the mood of the poem
He’s in love and lonely
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
Cards provide immediately deductions from your checking when you make a purchase
Debit
Electronic funds transfer (EFT) involves the use of ATM machines
True
“When I Have Fears That I May Cease to Be” who wrote it
John Keats
Checking accounts at credit unions
Share draft
To write a check when you know there are temporarily not enough funds to cover the check
Floating check
How are Victor and Elizabeth different
Elizabeth is more calm and compassionate
