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HMAP 163 - CHAP 29 exam with complete solutions
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If a stop payment is placed on a check, the bank will: A.) Freeze the account of the payee B.) Refuse to honor the check C.) Contact the payer for permission before transferring cash to the payee D.) Require the payee to pay a fee to cash the check Refuse to honor the check If a mistake...

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  • August 28, 2024
  • 5
  • 2024/2025
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  • hmap 163 chap 29 exam with complete solutions

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HMAP 163 - CHAP 29 exam with complete
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If a stop payment is placed on a check, the bank will:
A.) Freeze the account of the payee
B.) Refuse to honor the check
C.) Contact the payer for permission before transferring cash to the payee
D.) Require the payee to pay a fee to cash the check - ANSWER-Refuse to honor
the check

If a mistake is made in writing a check, it is necessary to write " ______" across
the check and stub and write a new one.
A.) OMIT
B.) VOID
C.) ERROR
D.) DO NOT USE - ANSWER-VOID

You should not accept a check that is:
A.) Written for more than the amount due so the patient can have some cash in
hand
B.) A third-party check from an authorized insurance company
C.) Uncorrected and includes the seven components that make a check valid -
ANSWER-Written for more than the amount due so the patient can have some
cash in hand

When completing a stub or register, you should:
A.) Use green or blue ink
B.) List checks but not deposits
C.) Bring forward the balance from the previous stub or entry

, D.) Include only dates, check numbers, and amounts - ANSWER-Bring forward
the balance from the previous stub or entry

When writing a check, the date:
A.) Must be numeric
B.) Can be written or numerical
C.) Must be preprinted on the check
D.) Must be written - ANSWER-Can be written or numerical

This method of payment is often used by insurance companies.
A.) Certified
B.) Limited
C.) Electronic fund transfer (EFT)
D.) Cryptonic - ANSWER-Electronic fund transfer (EFT)

A ________ check is a check presented too long after it was written to be honored
by the bank.
A.) Postdated
B.) Traveler's
C.) Voucher
D.) Stale - ANSWER-Stale

A check must include some form of which phrase to be negotiable?
A.) In God We Trust
B.) Pay to the order of
C.) For deposit only
D.) Security features included - ANSWER-Pay to the order of

All checks received in the office, whether in person or through the mail, should
be protected by endorsement:
A.) With a date and time stamp
B.) By making a photocopy for audit purposes
D.) Immediately at the received - ANSWER-Immediately at the time received

Traveler's checks are listed as ______ on a deposit slip.
A.) Electronic transfers
B.) Checks

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