Banking Vocabulary

What is a financial institution licensed to receive deposits and make loans?

• Teller

• Bank

• Joint account

• FDIC

What is a document used to record your financial transactions?

• Checkbook register

• Deposit slip

• Transfer fee

• Savings account

What term describes a person employed to deal with customer transactions at a bank?

• Lender

• Borrower

• Teller

• Loan officer

What does it mean to compare your records of the account to the bank’s records of the account?

• Withdraw

• Reconcile

• Deposit

• Transfer fee

What is a form that is used to deposit funds into a bank account?

• Deposit slip

• Checkbook register

• Transaction

• Minimum deposit

What does it mean to put money into an account?

• Withdraw

• Deposit

• Reconcile

• Transfer fee

What is an amount of money that is given to someone for a period of time with a promise that it will be paid back?

• Loan

• Deposit

• Transaction

• Minimum deposit

What is an interest-bearing deposit account?

• Checking account

• Savings account

• Joint account

• FDIC

What is shared by two people who are equally responsible?

• Joint account

• Checking account

• Loan

• Deposit slip

What is an account that allows withdrawals and deposits?

• Checking account

• Savings account

• Joint account

• FDIC