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Personal Finance Banking Unit Flashcards | StudBud

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Which is NOT an advantage of a checking account?

Scams and Frauds are the same thing.

Personal Finance Banking Unit

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Questions 8

Answers

1
Scams and Frauds are the same thing.
False
True
2
Which is NOT an advantage of a checking account?
Convenience
Safety/Security
Proof of Payment
Mobile Deposit
3
What is check float?
The delay before the check is processed and when it comes out of your acct
It is the same as overdraft fees but with a check
Forging a signature to allow a check to pass
The fee banks charge to deposit checks
4
A special endorsement is one of the 3 types of endorsements.
True
False
5
What is a scam?
Gaining personal info by tricking some into providing you with the info
Taking info or causing loss using deception or lying
Stealing info without the persons knowledge
6
Who is the Payee?
The person who you are writing the check to
The person who is writing the check
The account number of the person receiving the check
The bank
7
What is digital footprint?
A picture of your footprint that you post online
The collected info about an individual on the internet
The login to all of your accounts across the internet
The info that you give to colleges and or employers
8
What is the use of a signature card?
Used so you dont have to sign every time
Used to confirm the amount of money in your account
Used to deposit money into your account
Used to verify the customers signature