Introduction to Business

Section 2: Account Records

Self-Checks

1
There are usually _________ people, or parties, named on a check.
A)two
B)four
C)three
D)five
2
The party to whom the check is written is called the _________ .
A)checker
B)drawer
C)drawee
D)payee
3
The party who wrote the check and is paying the money is called the _________ .
A)checker
B)drawer
C)drawee
D)payee
4
The financial institution where the person who wrote the check has an account is called a _________ .
A)checker
B)drawer
C)drawee
D)bank
5
A _________ number traces the check back to the account on which it was written.
A)bank route
B)Social Security
C)check
D)tacking
6
An account holder records transactions in a checkbook _________ .
A)diary
B)planner
C)journal
D)register
7
The signature of the payee on the back of the check is called a(n) _________ .
A)consent
B)endorsement
C)dedication
D)inscription
8
The process of seeing whether an account holder's records agree with the bank's records for the account is called _________ .
A)account review
B)cash-flow analysis
C)bank reconciliation
D)statement match
9
Checks that have been written but not yet cashed are called _________ checks.
A)balance
B)outstanding
C)counter
D)unresolved
10
In order to keep your check register for your interest-bearing account in balance with your bank statement, you should _________ your check register.
A)add the interest to
B)make no entry in
C)calculate the interest on the balance in
D)subtract the interest from
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