BANKING TERMS

BANKING TERMS

8th Grade

6 Qs

quiz-placeholder

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BANKING TERMS

BANKING TERMS

Assessment

Quiz

Business

8th Grade

Practice Problem

Medium

Created by

Eleice Gordon

Used 7+ times

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6 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A ____________ is a financial institution licensed to receive deposits and make loans

bank

lodgement

withdrawal

memo line

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A bank ___________________ is a record of money that has moved in and out of your bank account.

memo line

bank

transaction

lodgement

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A____________ is a deposit of funds into a bank account

memo line

withdrawal

cheque

lodgment

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A __________ is money you take out of your banking accounts

bank

cheque

withdrawal

transaction

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A ___________ is an order that directs a bank to pay a specific sum of money to the bearer.

bank

transaction

bank

cheque

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The ____________ is a space for any notes about the purpose of the cheque.

lodgement

withdrawal

transaction

memo line

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