Question 1

The person who writes the check is called the drawee.

Accepted Answer

A) True 
 B)False

Question 2

The maker of the check is the person to whom it is written.

Accepted Answer

A) True 
 B)False

Question 3

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

Accepted Answer

The answer of An instrument that is legally transferable to...

Question 4

Checks received in the mail today include those for $23.03, $87, and $830. Checks taken in the office from patients include those for $25, $55, $30, and $255. What is the total in checks that will be included in the day's deposit?

Accepted Answer

The answer of Checks received in the mail today include...

Question 5

A patient writes a check for $44 that is returned from the bank. The physician charges a fee of $30 for NSF checks. How much should be added back to the patient's account?

Accepted Answer

The answer of A patient writes a check for $44...

Question 6

Many banks offer applications that can be downloaded for free on smart phones and computers that will let the user deposit checks from any location.

Accepted Answer

A) True 
 B)False

Question 7

When should checks from patients and other sources be deposited?

Accepted Answer

A)   At the same time bills are paid
B)   As soon as possible after they are received
C)   When the bank statement is reconciled each month
D)   At the end of every week

Question 8

A capital sum of money due as a debt or used as a fund for which interest is either charged or paid is called the __________.

Accepted Answer

The answer of A capital sum of money due as...

Question 9

The deposit is $450. The checkbook balance is $9,872.54. If one debit card transaction is completed on the account for $251.55, what is the balance in the account?

Accepted Answer

The answer of The deposit is $450. The checkbook balance...

Question 10

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

Accepted Answer

A)   pay employees.
B)   provide the physician with funds for travel expenses.
C)   pay for medical supplies.
D)   replenish petty cash.

Question 11

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

Accepted Answer

The answer of Banks ask to be notified within a...

Question 12

A patient writes a check in the amount of $56 toward her account of $569. What is her balance after the payment?

Accepted Answer

The answer of A patient writes a check in the...

Question 13

If the bank charges a fee of $12 each time the average balance drops below $5,000, and this has happened seven times during the year, what is the total in these fees that the physician will pay?

Accepted Answer

The answer of If the bank charges a fee of...

Question 14

Any individual, corporation, or legal party who signs a check or any type of negotiable instrument is considered the

Accepted Answer

A)   maker.
B)   payer.
C)   drawer.
D)   payee.

Question 15

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?

Accepted Answer

The answer of The physician uses the debit card for...

Question 16

A(n) __________ check has a detachable form that is used to itemize or specify the purpose for which the check is drawn.

Accepted Answer

The answer of A(n) __________ check has a detachable form...

Question 17

Which of the following endorsements includes words specifying the person to whom the endorser makes the check payable?

Accepted Answer

A)   Blank endorsement
B)   Restrictive endorsement
C)   Special endorsement
D)   Qualified endorsement

Question 18

What is the first thing the medical assistant should do when a check is returned unpaid by the bank?

Accepted Answer

A)   Contact the person who wrote the check.
B)   File it with the district attorney's office.
C)   Send a letter refusing to see the person as a patient until the matter is resolved.
D)   Write off the account.

Question 19

Today's checks include $56, $73, $89, $23, $20, and $82. What is the total in checks for the daily deposit?

Accepted Answer

The answer of Today's checks include $56, $73, $89, $23,...

Question 20

Blank endorsements make checks payable to the bearer.

Accepted Answer

A) True 
 B)False

Exam 17: Banking Services and Procedures

Any individual, corporation, or legal party who signs a check or any type of negotiable instrument is considered the

Correct AnswerverifiedShow Answer

Many banks offer applications that can be downloaded for free on smart phones and computers that will let the user deposit checks from any location.

Correct AnswerverifiedShow Answer

A patient writes a check for $44 that is returned from the bank. The physician charges a fee of $30 for NSF checks. How much should be added back to the patient's account?

Correct AnswerverifiedShow Answer

Today's checks include $56, $73, $89, $23, $20, and $82. What is the total in checks for the daily deposit?

Correct AnswerverifiedShow Answer

Checks received in the mail today include those for $23.03, $87, and $830. Checks taken in the office from patients include those for $25, $55, $30, and $255. What is the total in checks that will be included in the day's deposit?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Blank endorsements make checks payable to the bearer.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

The deposit is $450. The checkbook balance is $9,872.54. If one debit card transaction is completed on the account for $251.55, what is the balance in the account?

Correct AnswerverifiedShow Answer

When should checks from patients and other sources be deposited?

Correct AnswerverifiedShow Answer

The person who writes the check is called the drawee.

Correct AnswerverifiedShow Answer

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?

Correct AnswerverifiedShow Answer

A capital sum of money due as a debt or used as a fund for which interest is either charged or paid is called the __________.

Correct AnswerverifiedShow Answer

A patient writes a check in the amount of $56 toward her account of $569. What is her balance after the payment?

Correct AnswerverifiedShow Answer

The maker of the check is the person to whom it is written.

Correct AnswerverifiedShow Answer

A(n) __________ check has a detachable form that is used to itemize or specify the purpose for which the check is drawn.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Which of the following endorsements includes words specifying the person to whom the endorser makes the check payable?

Correct AnswerverifiedShow Answer

What is the first thing the medical assistant should do when a check is returned unpaid by the bank?

Correct AnswerverifiedShow Answer

If the bank charges a fee of $12 each time the average balance drops below $5,000, and this has happened seven times during the year, what is the total in these fees that the physician will pay?

Correct AnswerverifiedShow Answer

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