Banking Test Review

A financial institution that receives, lends, exchanges, and safeguards money.

• Bank

• Bank Statement

• Charter

• Check

The license authorizing a bank to operate.

• Bank

• Bank Statement

• Charter

• Check

A record of checks, ATM transactions, deposits, and charges on an account.

• Bank

• Bank Statement

• Charter

• Check

A written order for the bank to pay a specific amount to the person to whom this is written.

• Bank

• Bank Statement

• Charter

• Check

A bank account that allows the owner to make deposits, write checks, and withdraw money.

• Checking Account

• Check Register

• Credit Card

• Debit Card

A record of account deposits, withdrawals, checks, fees, and interest.

• Checking Account

• Check Register

• Credit Card

• Debit Card

A card that allows the holder to electronically access funds in his or her account at an ATM or to pay for goods and services from a business.

• Checking Account

• Check Register

• Credit Card

• Debit Card

A plastic card that allows the holder to make credit purchases up to an authorized amount.

• Checking Account

• Check Register

• Credit Card

• Debit Card

An independent agency created by the federal government to protect bank customers by insuring their deposits.

• Endorsement

• Federal Deposit Insurance Corporation (FDIC)

• Overdraft

• Savings Account

A signature on the back of a check.

• Endorsement

• Federal Deposit Insurance Corporation (FDIC)

• Overdraft

• Savings Account