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Banking Vocab

Authored by Sami Krocker

Social Studies

10th Grade

Used 20+ times

Banking Vocab
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Balance

The amount of money you have in your bank account

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

A sum of money deposited INTO an account

A sum of money deducted FROM your account

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Bank Statement

A monthly fee that some banks charge to provide access to checking or savings accounts

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

An automatic electronic deposit of net pay to an employee’s designated bank account

The amount of money you have in your bank account

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Check

A sum of money deposited INTO an accoun

A form you fill out to credit money to your account when you make a deposit

A written, dated, and signed order to the bank that tells it to pay a definite sum of money to a payee

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

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Credit

To compare your bank’s monthly account statement with your own records of activity for the same account

A sum of money deducted FROM your account

A deposit that has been made but not yet added to the person’s bank account

A sum of money deposited INTO an account

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Debit

A sum of money deducted FROM your account

The amount of money you have in your bank account

A fee paid to you for keeping your money in an account OR a fee charged to you for a loan or credit card

A sum of money deposited INTO an account

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Deposit

A form you fill out to credit money to your account when you make a deposit

Money you put into your account

 A written, dated, and signed order to the bank that tells it to pay a definite sum of money to a payee

A deposit that has been made but not yet added to the person’s bank account

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Overdraft Protection

 A fee paid to you for keeping your money in an account OR a fee charged to you for a loan or credit card

A monthly fee that some banks charge to provide access to checking or savings accounts

 A loan banks offer to their customers when they try to withdraw more funds than they have in their account, usually for a fee and with interest

The person to whom a check is made payable

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