Economics Questions
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a card, kept by a bank, that shows the signatures of all individuals authorized to draw checks against the account
an endorsement including the name of the person to whom the check has been transferred
a bank account that is used by two or more people
an endorsement consisting of only the endorser's name
A form that accompanies a deposit and lists the items you deposited-currency, coins, or checks
An official record of a depositor's signature is called a signature card
a form attached to a check on which a depositor keeps a record of the checks written and any current deposit
Another name for a deposit slip is a deposit ticket
an endorsement that limits the use of a check to the purpose given in the endorsement
Written evidence that you received payment or that you transferred your right of receiving payment to someone else
Some checking account earns interest only when large balances are maintained
a check with this type of endorsement could be cashed by anyone who found it
An endorsement is used to authorize an electric transfer
The safest type of endorsement to use when transferring a check to another person or business
A check once cashed is legal proof that you paid for something
Checking account features different from bank to bank
Savings account it's usually allow check writing privileges
Checking accounts are extremely popular in the United States
A check register is a fee charged by a bank for handling a checking account
Often used by businesses that deposit checks received from customers