Exam 23: Banking Services and Procedures

Which of the following is not an example of a negotiable instrument?

Blank endorsements make checks payable to the bearer.

The physician uses the debit card for $782.19 to pay for medical supplies, $56 for office supplies, and $76 to stock the employee break room refrigerator.If the balance in the checkbook is $32,830.43, what is the balance after the debit card activity?

A series of laws adopted by most states that regulate the fields of sales of goods and other entities is the __________.

The bank charges a fee of $25 for each of six NSF checks that were returned during the month.If the bank statement balance after outstanding checks is deducted is $12,543.24, what will the balance be after the fees are deducted?

Banks ask to be notified within a reasonable time if the customer finds a(n) __________ on his or her bank statement.

Which type of bonding covers all employees in a facility?

The person authorized to act as the agent when executing a power of attorney is called an attorney:

The country is divided into how many Federal Reserve districts?

The crime of falsely and fraudulently making or altering a document is called:

To maximize money, bills should be paid immediately when they arrive.

In which situation should the bank be asked to issue a stop-payment order on a check written in payment for a medical supply order?

An instrument that is legally transferable to another party is said to be __________.

M-banking involves doing business using a wireless device, such as a cell phone.

Checks received in the mail today include those for $87, $45, $88, and $67.What is the total check deposit for the day?

A check made payable to "Cash" is most commonly used in the physician's office to:

An insured account requiring a minimum balance that draws interest at a higher percentage than a regular savings account is called a ______ account.

If the medical assistant is allowed to sign checks on the physician's business account, he or she must sign a document at the bank called a:

Notice about a NSF check should be sent to the patient by registered mail.

For individuals to be __________, a personal background investigation normally is necessary.