Basic Banking and Financial Terms

A card that allows you to spend money by drawing on funds you have deposited at the bank.

A card that allows you to borrow money up to a certain limit.

A card used exclusively for online purchases.

A card that earns you rewards points for every purchase.

PIN (Personal Identification Number)

Passport

Driver's License

Social Security Number

PayPal

Venmo

Apple Pay

Google Wallet

True

False

A type of savings account

A type of investment account

A type of bank account for daily transactions

A type of retirement account

investing in stocks

saving money with interest

paying off loans

purchasing real estate

ATM stands for Automated Teller Machine and ABM stands for Automated Banking Machine.

ATM stands for Automatic Transaction Machine and ABM stands for Automatic Banking Machine.

ATM stands for Automated Transaction Machine and ABM stands for Automated Business Machine.

ATM stands for Automatic Teller Machine and ABM stands for Automatic Business Machine.

a type of password used for authentication.

a type of credit card.

a type of bank account.

a type of identification card.

A type of loan given by the bank

A sum of money placed in a bank account

A financial penalty for late payments

A service fee charged by the bank

To deposit money into a bank account

To transfer money between accounts

To remove money from a bank account

To check the balance of a bank account