Banking Terms for Grade 8

Banking Terms for Grade 8

Assessment

Flashcard

Business

8th Grade

Practice Problem

Easy

Created by

Lasana Williams

Used 1+ times

FREE Resource

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5 questions

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1.

FLASHCARD QUESTION

Front

Any activity involving the movement of money, such as deposits, withdrawals, or transfers.

Back

Transaction

2.

FLASHCARD QUESTION

Front

The act of depositing money into a bank account.

Back

Lodgement

3.

FLASHCARD QUESTION

Front

A financial institution that provides services such as savings, loans, and money transfers.

Back

Commercial Bank

4.

FLASHCARD QUESTION

Front

A written instruction that tells a bank to pay a specific amount of money from an account to someone.

Back

Cheque

5.

FLASHCARD QUESTION

Front

A short-written record or note used to communicate important information in banking and business.

Back

Memorandum

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