Banking Vocabulary

Banking Vocabulary

Assessment

Passage

Mathematics

12th Grade

Easy

CCSS
RI.9-10.4, L.11-12.4C, 7.RP.A.3

+12

Standards-aligned

Created by

Lindsay Johnson

Used 1+ times

FREE Resource

47 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Balance

Account number

Credit card

Branch

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Credit union

Bank

Branch

Beneficiary

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Beneficiary

Collateral

Branch manager

Account holder

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

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