Banking Vocabulary

What is an agreement with a bank in which they keep money and provide financial services for you?

• Account

• Credit

• Loan

• Mortgage

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

What identifies your account and is required for direct deposit or other EFT transactions?

• Balance

• Account number

• Credit card

• Branch

What is the total amount of money in a banking account at any given time?

• Credit

• Debit

• Balance

• Collateral

Tags

CCSS.6.NS.C.5

What is a for-profit institution that offers personal loans, mortgages, and other services?

• Credit union

• Bank

• Branch

• Beneficiary

What is an app for smartphones that enables the account owner to manage the account, make transactions, and pay bills securely?

• Banking app

• Credit card

• Checking account

• CD

Who is the person who receives your bank account if you die?

• Beneficiary

• Collateral

• Branch manager

• Account holder

What happens to a check when it is written for more than is currently in the account and the bank refuses to cash it?

• It is credited

• It is debited

• It bounces

• It is deposited

What is one of the offices where a bank or credit union does business?

• Branch

• Beneficiary

• Collateral

• Account

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

What is a certificate of deposit stating money has been deposited for a specific time for a specific interest rate?

• Credit card

• Checking account

• CD

• Debit

What is a nonprofit service cooperative that accepts deposits, makes loans, and provides other financial services?

• Bank

• Credit union

• Branch

• Beneficiary

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C