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Checking Vocabulary

Authored by Khara Kelly

Life Skills

8th Grade

17 Questions

Used 7+ times

Checking Vocabulary
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1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Allows a person to manage a bank account holder's funds through actions such as withdrawing or depositing money, viewing account balances, etc.

Credit

ATM

Checking Account

Debit

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

The amount of money you have in your account.

Balance

Credit

Debit

Check

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

 To compare your bank’s monthly statement with your own check register for the same account.

Bank Statement

Debit Card

Debit

Reconcile

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

 A fee charged to your account when it lacks the funds to cover a withdrawal, but the bank allows the transaction to go through anyway.

ATM Fee

Non-Sufficient Funds Fee

Overdraft Fee

Monthly Fee

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

 Protection provided by the Federal Deposit Insurance Corporation; protects the deposits of customers against loss up to $250,000 per account.

FDIC

Insurance

Credit

Balance

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A check that has been written but has not yet been cashed or deposited by the payee.

Credit

Debit Card

Debit

Outstanding Check

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

 A monthly document prepared by your financial institution which shows all of the transactions related to your account.

Bank Statement

Balance

Check Register

Direct Deposit

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