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Banking Vocabulary

Total questions: 9

Worksheet time: 6mins

Name
Class
Date
1.

A bank is...

a)

a business that keep money for customers and makes loans.

b)

a company that uses your money for bartering.

c)

an organization that holds money and other valuable assets.

d)

a business that borrows money from you.

2.

A sum of money borrowed for a certain amount of time is called a....

a)

loan

b)

down payment

c)

interest

d)

borrow

3.

A profit is...

a)

money earned

b)

money spent

c)

money borrowed

d)

money lent

4.

Putting money into the bank is called a...

a)

deposit

b)

loan

c)

interest

d)

withdrawal

5.

Taking money out of an account is called a...

a)

deposit

b)

loan

c)

interest

d)

withdrawal

6.

When you take out a loan, ________ is added on to your total expense. The longer you have your loan, the more of this you will have to pay.

a)

Interest

b)

Inflation

c)

Balance

d)

Loan addend

7.

A transaction is...

a)

any business done at the bank

b)

when you take money out of an account

c)

when you transfer money from one person to another

d)

when you put money into an acount

8.

The amount of money in your account is called the...

a)

balance

b)

final amount

c)

barter

d)

dividend

9.

Money in __________ is money that is available for use.

a)

Circulation

b)

Withdrawal

c)

Process

d)

Loans