108 BUSINESS PROBLEMS 



127. A check should be endorsed on the back before it is 

 cashed. An endorsement is simply the signature of the 

 owner of the check on the back of it. 



Where is the money deposited with which this check is to 

 be paid ? 



Who gets the money on this check ? 



Who pays the check ? 



Whose name should appear on the back of the check when 

 it is cashed ? 



CERTIFIED CHECKS 



128. When away from home among strangers, or when 

 sending a check to strangers, it is wise to use a certified 

 check, to make certain that your check will be promptly 

 honored or paid. 



No. 17 HYDEN, KY., Way /, 



HYDEN CITIZENS' BANK 



Pay to the order of 



Dollars 

 For S 



/if. 



A certified check is one the payment of which is guaran- 

 teed by the bank on which it is drawn. 



BORROWING FROM BANKS 



129. Banks demand the interest on a note to be paid in 

 advance, the maker of the note to give security ; and, for 

 the most part, they compute the interest for the exact 

 number of days. 



