Bank Terms in Action Quiz

Which sentence correctly uses the term "savings account"?

• I used my savings account to buy groceries every day.

• I deposited my birthday money into my savings account to save for a new bike.

• I borrowed money from my savings account to pay my friend back.

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DOK Level 2: Skill/Concept

Choose the sentence that correctly uses the term "interest."

• The interest on my loan means I have to pay back less money.

• The interest I earn on my savings account helps my money grow over time.

• Interest is the fee I pay to open a bank account.

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DOK Level 2: Skill/Concept

Select the sentence that uses the term "checking account" correctly.

• I use my checking account to store my toys.

• I write checks from my checking account to pay for my bills.

• My checking account is where I keep my school books.

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DOK Level 2: Skill/Concept

Which sentence correctly uses the term "loan"?

• I gave a loan to my friend when they needed a pencil.

• The bank gave me a loan to help pay for my new car.

• I loaned my lunch to my classmate.

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DOK Level 2: Skill/Concept

Choose the sentence that correctly uses the term "deposit."

• I deposit my toys in the toy box every night.

• I deposit my allowance into my bank account to save it.

• I deposit my homework in my backpack.

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DOK Level 2: Skill/Concept

Select the sentence that uses the term "withdrawal" correctly.

• I made a withdrawal from my bank account to buy a gift for my friend.

• I withdrawal my books from the library.

• I withdrawal my clothes from the closet.

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DOK Level 2: Skill/Concept

Which sentence correctly uses the term "balance"?

• My balance is how much money I have in my bank account.

• I balance my books on the shelf.

• Balance is the amount of time I spend playing.

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DOK Level 2: Skill/Concept

Choose the sentence that correctly uses the term "credit card."

• I use my credit card to borrow books from the library.

• I use my credit card to pay for things and pay the bank back later.

• My credit card is where I keep my school notes.

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DOK Level 2: Skill/Concept

Select the sentence that uses the term "debit card" correctly.

• I use my debit card to write letters to my friends.

• My debit card allows me to spend money directly from my bank account.

• I debit my card to make it work.

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DOK Level 2: Skill/Concept

Which sentence correctly uses the term "bank statement"?

• My bank statement is a letter from my friend.

• A bank statement shows all the transactions in my account for the month.

• I use my bank statement to draw pictures.

Tags

DOK Level 2: Skill/Concept