Banking Vocabulary

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.

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

• loan

• down payment

• interest

• borrow

A profit is...

• money earned

• money spent

• money borrowed

• money lent

Putting money into the bank is called a...

• deposit

• loan

• interest

• withdrawal

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

• deposit

• loan

• interest

• withdrawal

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

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

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

• balance

• final amount

• barter

• dividend

Money in __________ is money that is available for use.

• Circulation

• Withdrawal

• Process

• Loans