Banking 101 Vocabulary
Authored by Lisa Miller
Mathematics
12th Grade
CCSS covered
Used 7+ times
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18 questions
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1.
MULTIPLE CHOICE QUESTION
10 mins • 1 pt
Otherwise known as "money machines", these machines allow you to access funds from your account even when your bank is not open.
ATM
CD
DVD
PIN
2.
MULTIPLE CHOICE QUESTION
10 mins • 1 pt
The amount of money in your account is called the ________.
credit
balance
deposit
income
Tags
CCSS.RI.9-10.4
CCSS.RI.9-10.4
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
3.
MULTIPLE CHOICE QUESTION
10 mins • 1 pt
A loan from a financial institution in which a credit limit is assigned and you can pay the money back in full or in monthly installments. If you use monthly installments, you will owe interest on the balance.
direct deposit
Service fee
credit card
POS
4.
MULTIPLE CHOICE QUESTION
10 mins • 1 pt
A plastic card similar to a credit card that withdraws money directly from a checking account. It is also known as a check card.
CD
overdraft
payee
debit card
Tags
CCSS.RI.9-10.4
CCSS.RI.9-10.4
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
5.
MULTIPLE CHOICE QUESTION
10 mins • 1 pt
Any transaction that removes money from your account.
debit
credit
deposit
PIN
6.
MULTIPLE CHOICE QUESTION
10 mins • 1 pt
A transaction in which money is added to your account.
debit
deposit
ATM
POS
7.
MULTIPLE CHOICE QUESTION
10 mins • 1 pt
The amount of income left to an individual after taxes and other monetary obligations are paid. Discretionary income is generally deposited into a saings account or used for additional spending by the individual.
service fee
interest
Online bill payment
discretionary income
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
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