Question

question 19 (5 points)
endorsing a check
guarantees payment.
transfers the right to deposit or transfer cash.
cancels the transaction.
all of the above

question 20 (5 points)
the first two numbers of the aba code listed on the check represent the
federal reserve district.
routing number.
check number.
account number.

Explanation:

Analyze Question 19

Endorsing a check involves signing the back of the check. This signature transfers the ownership or the right to receive the cash from the check to another party or to a bank for deposit. It does not guarantee payment (as the drawer's account might have insufficient funds), nor does it cancel the transaction.

Analyze Question 20

The ABA (American Bankers Association) routing transit number is a nine-digit code. The first two digits of this routing number represent the Federal Reserve District (specifically, the Federal Reserve routing prefix) where the bank is located.

Answer:

Question 19

• guarantees payment.
• transfers the right to deposit or transfer cash. (Correct answer)
• cancels the transaction.
• All of the above

Question 20

• Federal Reserve District. (Correct answer)
• routing number.
• check number.
• account number.