Banking Vocabulary

Banking Vocabulary

6th - 7th Grade

9 Qs

quiz-placeholder

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Banking Vocabulary

Banking Vocabulary

Assessment

Quiz

Life Skills

6th - 7th Grade

Practice Problem

Medium

CCSS
RI.4.10, 4.MD.B.4, RF.3.3B

+8

Standards-aligned

Used 1K+ times

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9 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A bank is...

a business that keep money for customers and makes loans.

a company that uses your money for bartering.

an organization that holds money and other valuable assets.

a business that borrows money from you.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A sum of money borrowed for a certain amount of time is called a....

loan

down payment

interest

borrow

Tags

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A profit is...

money earned

money spent

money borrowed

money lent

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Putting money into the bank is called a...

deposit

loan

interest

withdrawal

Tags

CCSS.4.MD.B.4

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Taking money out of an account is called a...

deposit

loan

interest

withdrawal

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When you take out a loan, ________ is added on to your total expense. The longer you have your loan, the more of this you will have to pay.

Interest

Inflation

Balance

Loan addend

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A transaction is...

any business done at the bank

when you take money out of an account

when you transfer money from one person to another

when you put money into an acount

8.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The amount of money in your account is called the...

balance

final amount

barter

dividend

Tags

CCSS.RF.3.3B

CCSS.RF.3.3C

CCSS.RF.3.3D

CCSS.RF.4.3A

CCSS.RF.5.3A

9.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money in __________ is money that is available for use.

Circulation

Withdrawal

Process

Loans

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