
Banking Vocabulary
Passage
•
Mathematics
•
12th Grade
•
Easy
+12
Standards-aligned
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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