Unit 1: Financial Literacy Vocabulary

Fill in the blank: A machine that allows bank customers to deposit or withdraw money without visiting their bank is called an _________.

• ATM

• Vending Machine

• Photocopier

• Ticket Dispenser

Fill in the blank: The current amount of money in an account is called the ________.

• Balance

• Deposit

• Interest

• Withdrawal

Fill in the blank: A business that offers money related services to its customers, including loans and checking and savings accounts, is called a ________.

• Bank

• Supermarket

• Pharmacy

• Library

Fill in the blank: A company that sells goods or services is called a ________.

• Business

• Employee

• Customer

• Supplier

Fill in the blank: An investment that earns interest over a specific period of time is called a ________.

• Certificate of Deposit

• Checking Account

• Credit Card

• Mutual Fund

Fill in the blank: A written order to a bank to pay a certain amount of money from a checking account to another person or business is called a ________.

• Check

• Invoice

• Receipt

• Deposit slip

Fill in the blank: A bank account used to pay bills and access funds using checks and debit cards is called a ________.

• Checking Account

• Savings Account

• Certificate of Deposit

• Money Market Account

Fill in the blank: A financial institution owned by its members that provides the same services as a bank is called a ________.

• Credit Union

• Commercial Bank

• Investment Firm

• Insurance Company

Fill in the blank: A system that guides how money is earned and used in a society is called an ________.

• Economy

• Ecosystem

• Democracy

• Calendar

Payments made online or using an app that allow the user to automatically debit a bank account or charge a credit card without having to use those cards is called _________?

• Electronic Payment

• Manual Payment

• Paper Check

• Cash Withdrawal