If You Write a Check for an Amount Greater Than

question 169

Multiple Choice

If you write a check for an amount greater than your account balance,the result will be

• A)an endorsement.
• B)a reconciliation.
• C)an overdraft.
• D)a share draft.
• E)a stop payment.

---

Definitions:

Federal Reserve Board

An independent agency of the federal government established in 1913 to regulate the nation’s banking and financial industry.

Securities

Financial instruments that represent an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option.