Financial Terms Quiz

What is a document summarizing a customer's financial transactions over a specific period called?

• Bill strap

• Account statement

• Withdrawal form

• Deposit slip

What is a piece of paper currency issued by a government or central bank known as?

• Coin

• Fiat money

• Banknote

• Digital currency

What is the term for a secure drawer used to store cash in a bank or retail establishment?

• Filing cabinet

• Deposit bag

• Cash drawer

• Teller pedestal

What type of currency exists electronically?

• Representative money

• Commodity currency

• Physical currency

• Digital currency

What is the act of trading one currency for another called?

• Exchange

• Purchase

• Deposit

• Withdrawal

What is a machine used to count currency referred to as?

• Fingerprint pad

• Paper shredder

• Coin counter

• Currency counter

What is money that has no intrinsic value but is backed by the government called?

• Strong currency

• Weak currency

• Commodity

• Fiat money

What is the term for a secure bag used to transport cash and other valuables to a bank?

• Date stamp

• Deposit bag

• Bill strap

• Tight deadline

What is the term for a receipt issued by a bank teller for a transaction?

• Teller receipt

• Deposit slip

• Withdrawal form

• Letter-head paper

What is a device used to detect counterfeit currency called?

• Cash drawer

• Counterfeit detector

• Coin wrapper

• Swipe card reader