Fin Lit Vocab Week #1 - MP1

What offers easy access to your money for your daily transactional needs and helps keep your cash secure?

• Gold

• Credit Card

• Bank Statement

• Checking Account

What is the lowest amount of money needed in a bank account to avoid any fees?

• Lowest Common Denominator

• Overdraft

• Minimum Balance

• Bank Statement

What is a payment card that deducts money directly from your checking account?

• Debit Card

• Credit Card

• Costco Card

• Prepaid Card

What is it called when you sign (a check or bill of exchange) on the back to make it payable to someone other than the stated payee or to accept responsibility for paying it?

• Forge

• Endorse

• Cancel

• Deposit

If your bank gave official permission for or approval to a transaction then it has been..

• Authorized

• Recorrected

• Canceled

• Attempted

What is a document that orders a bank to pay a specific amount of money from a person's account to the person in whose name it has been issued?

• Endorsement

• Statement

• Direct Deposit

• Check

What do you call the deposit of funds electronically into a bank account rather than through a physical, paper check?

• Refund

• Direct Deposit

• Lottery

• Minimum Balance

What is a type of facility, usually provided by banks that allow customers to borrow funds within a pre-approved limit?

• Credit Card

• Debit Card

• Prepaid Card

• Gift Card

What is a charge you incur from your bank when you spend more money than you have available in your bank account, usually your checking account?

• Late Payment fee

• Account Maintenence fee

• Overdraft fee

• Late fee

Where can you find a list of all transactions for a bank account over a set period, usually monthly?

• Credit Card

• Debit Card

• Social Media

• Bank Statement