Unit 5 Vocabulary

Amelia is attending her best friend's wedding this weekend and she is looking forward to having the best time! Before she leaves for the wedding she needs to go to the bank to ______________ money for the gift & fill out the card to give to her.

• Deposit

• Withdraw

• Bank

• Transfer

Jesse's mom sees that her son is becoming more responsible the older he gets. She decides that it is now time to get him his own _______________. Now, he will be able to access an ATM on his own and be responsible for his own money.

• Bank

• Savings Account

• Debit Card

• Simple Interest

Tom needed cash while he was out shopping, but he didn't have time to visit a bank. To make his life easier, he found an __________ in the building where he can withdraw money, check his account balance, and even deposit checks and cash.

• ATM

• Bank

• Checking Account

• Principal

Margaret has decided that while her son is still young, she wants to open up a bank account to start saving money. Upon opening the account, she puts in $5,000. What is this $5,000 considered?

• Interest

• Compound Interest

• Principal

• CD Account

Erin is spending too much money! In order to fix this problem, she opens up a ____________. This will help her put some money away and give her a way to slowly earn some more on interest.

• Savings Account

• Checking Account

• Deposit

• Bank

When Julia was growing up, she would always save her birthday money in an envelope underneath her bed. She always believed this to be the safest spot for it. Now that she is older, she knows that the ________ is the best place to keep it!

• House

• Investment

• Debit card

• Bank

Birthday cards are so nice to receive from the people we love! The kind words of others make the day so special. And as a lucky bonus, there may even be a ______ inside!

• Check

• Savings Account

• Deposit

• ATM

Maria initially put $5,000 into the bank in a Savings Account. The next year, when Maria went back to look at her account, the new total was $5,005. What did Maria earn on her original amount?

• Percentage

• Deduction

• Simple Interest

• Checking Account

Sarah is looking to make money on an investment with a fixed interest rate. After consulting with her financial advisor, she decides to invest $2,000 in a _________. She can earn money over the next 5 years then she can take it out.

• Deposit

• CD Account

• Bank

• Checking Account

Mike is attending his brother's wedding next September. He decides to save some money for a future wedding gift. He drives to the bank and made a ________ of $100 into his savings account to get started!

• Simple interest

• Withdrawal

• Debit card

• Deposit