Banking Unit Review - Vocabulary

Banking Unit Review - Vocabulary

Assessment

Flashcard

Business

9th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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28 questions

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1.

FLASHCARD QUESTION

Front

An ATM is a machine that allows a person to perform which of the following actions? Withdraw cash, Deposit checks, Transfer funds, All of the above

Back

All of the above

2.

FLASHCARD QUESTION

Front

Balance in the context of a bank account is defined as:

Back

The total amount of money in the account at a given time.

3.

FLASHCARD QUESTION

Front

A Bank Statement is a document that provides information about:

Back

The balance and transactions in a bank account over a specific period.

4.

FLASHCARD QUESTION

Front

A Check is a written, dated, and signed instrument that contains an unconditional order from the drawer that directs a bank to pay a definite sum of money to a payee.

Back

A Check is a written, dated, and signed instrument that directs a bank to pay a definite sum of money.

5.

FLASHCARD QUESTION

Front

A Check Register is used for:

Back

Recording financial transactions

6.

FLASHCARD QUESTION

Front

A Debit Card is connected to which type of bank account?

Back

Checking Account

7.

FLASHCARD QUESTION

Front

What does Deposit mean in banking terms?

Back

A sum of money placed in a bank account

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