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Banking and Finance Terms

Authored by Wayground Content

Financial Education

8th Grade

Used 1+ times

Banking and Finance Terms
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A written document that serves as evidence of insurance coverage.

Policy

Certificate

Agreement

Contract

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The original sum of money borrowed or invested.

Principal

Interest

Dividend

Capital

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A bank account that is held by more than one person.

Joint Account

Single Account

Savings Account

Checking Account

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money that you take out of your bank account.

Deposit

Withdrawal

Transfer

Balance

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money paid in addition to the amount borrowed or the money earned in a savings account.

Principal

Interest

Dividend

Fee

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An interest rate that remains the same while the loan is being repaid.

Variable Rate

Fixed Rate

Adjustable Rate

Floating Rate

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of money that you have in your bank account.

Balance

Deposit

Withdrawal

Interest

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Microsoft

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Apple

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