Exam 33: Banking Procedures

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A(n)_____ check is a check paid directly from a checking account via the Internet.

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​There are precautions to be observed when accepting checks.Match whether the following statements are considered a best practice (good policy)or not a best practice (not good policy).Note: Answers may be used more than once. -Accept a check marked "paid in full" unless it does pay the full balance

(Multiple Choice)
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The check routing symbol is commonly _____ on a personal check.

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When depositing checks by mail,they should be endorsed by _____ endorsement only.

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Match each term with its definition. -Check made out to the patient by someone unknown to you

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The use of checks became common:

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​There are precautions to be observed when accepting checks.Match whether the following statements are considered a best practice (good policy)or not a best practice (not good policy).Note: Answers may be used more than once. -​In the border of the check indicating the document contains security features

(Multiple Choice)
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___________ is a digital or virtual currency that uses cryptography for security,making it difficult to counterfeit.

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Match each term with its definition. -Record showing the check number,person to whom check is paid,amount of check,date,and balance

(Multiple Choice)
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As soon as cash money is received in the office,it should be:

(Multiple Choice)
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​There are precautions to be observed when accepting checks.Match whether the following statements are considered a best practice (good policy)or not a best practice (not good policy).Note: Answers may be used more than once. -​Inside the border that indicates at least two security features are included on the check

(Multiple Choice)
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A _____ endorsement states,"PAY TO THE ORDER OF (name of bank where the check is to be deposited)."

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Match each term with its definition. -Negotiable instrument often used by individuals who do not have checking accounts or to meet the requirement for purchasing an item or service

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There are pros and cons of accepting credit and debit cards for payment in the medical practice.Match the description to either a "pro" or "con." Note: Answers may be used more than once. -​Easy to use and makes paying bills or making store purchases hassle free for customers

(Multiple Choice)
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​There are precautions to be observed when accepting checks.Match whether the following statements are considered a best practice (good policy)or not a best practice (not good policy).Note: Answers may be used more than once. -​Accept a check that has seven components that make it valid

(Multiple Choice)
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​There are precautions to be observed when accepting checks.Match whether the following statements are considered a best practice (good policy)or not a best practice (not good policy).Note: Answers may be used more than once. -​A uniquely treated paper that will show visible signs of chemical tampering

(Multiple Choice)
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​There are precautions to be observed when accepting checks.Match whether the following statements are considered a best practice (good policy)or not a best practice (not good policy).Note: Answers may be used more than once. -​A face that makes replication difficult

(Multiple Choice)
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There are pros and cons of accepting credit and debit cards for payment in the medical practice.Match the description to either a "pro" or "con." Note: Answers may be used more than once. -​Payments generally have a faster approval time,which means faster access to revenue

(Multiple Choice)
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​There are precautions to be observed when accepting checks.Match whether the following statements are considered a best practice (good policy)or not a best practice (not good policy).Note: Answers may be used more than once. -In the signature line of laser checks and in the border on manual checks repeats the words "original document"

(Multiple Choice)
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The _____ is the amount in numbers that the check is written for.

(Multiple Choice)
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