Banking Vocabulary

Banking Vocabulary

6th - 8th Grade

11 Qs

quiz-placeholder

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Banking Vocabulary

Banking Vocabulary

Assessment

Quiz

Life Skills, Business

6th - 8th Grade

Practice Problem

Hard

Used 13+ times

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11 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A ____________ is a deposit account held at a financial institution that allows deposits and withdrawals

savings account

checking account

retirement account

loan account

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A ____________ is a bank account on which interest is paid, traditionally one for which a bankbook is used to record deposits, withdrawals, and interest payments.

savings account

checking account

retirement account

loan account

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_______________ let you easily access the money in your checking account to pay for everyday expenses.

Bank cards

Credit cards

Check cards

Gift cards

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An instance of buying or selling something; a business deal is called a(n) _________.

purchase

bill paying

exchange

transaction

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A small plastic card issued by a bank, business, etc., allowing the holder to purchase goods or services on credit is called a(n)

debit card

ATM card

credit card

bank card

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you use your credit card, and don't pay the full balance by the due date, the bank will charge you ____________.

Interest and/or late fees

call you to let you know

deduct the amount from your checking account

none of the above

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Your _______ number for your ATM card should always be kept secret for security reasons.

passcode

PIN or personal identification number

security code

account

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