Financial Vocabulary Worksheet

A network for processing electronic financial transactions in batches, enabling efficient and cost-effective direct deposits and payments. Fill in the blank: __________

• ACH (Automated Clearing House)

• SWIFT (Society for Worldwide Interbank Financial Telecommunication)

• RTGS (Real-Time Gross Settlement)

• EFTPOS (Electronic Funds Transfer at Point of Sale)

An unchangeable, decentralized, digital ledger distributed across a network of computers. Fill in the blank: __________

• Blockchain

• Database

• Spreadsheet

• Server

A check that cannot be processed due to insufficient funds in the bank account it's drawn from (the payor’s), leading to its rejection by the bank and a return to the issuer (payor). Fill in the blank: __________

• Bounced Check

• Certified Check

• Traveler’s Check

• Cashier’s Check

Physical forms of money, such as banknotes and coins, that serve as a medium for exchanging goods and services. Fill in the blank: __________

• Cash

• Credit Card

• Cheque

• Digital Wallet

A form of payment that is dated and signed by the payor, directing the payor's bank to pay a specific amount of money to the payee the check is written. Fill in the blank: __________

• Check

• Credit Card

• Cash

• Wire Transfer

A deposit account that allows for easy and frequent cash deposits and withdrawals. Fill in the blank: __________

• Checking Account

• Fixed Deposit Account

• Savings Bond

• Certificate of Deposit

An electronic method of payment allowing the card owner to purchase goods and services on credit. Fill in the blank: __________

• Credit Card

• Debit Card

• Cash

• Cheque

The study or use of techniques to scramble or hide data, and validate messages and digital signatures, in order to secure digital information. Fill in the blank: __________

• Cryptography

• Biometrics

• Networking

• Data Mining

An electronic method of payment where the funds are deducted directly from the card owner's bank account. Fill in the blank: __________

• Debit Card

• Credit Card

• Gift Card

• Prepaid Card

A software-based system that securely stores users' payment information and passwords for numerous payment methods and websites, enabling transactions to be made electronically through a computer or smartphone. Fill in the blank: __________

• Digital Wallet

• Firewall

• Antivirus Software

• Cloud Storage