WorksheetsBanking Vocabulary
Total questions: 11
Worksheet time: 6mins
A ____________ is a deposit account held at a financial institution that allows deposits and withdrawals
savings account
checking account
retirement account
loan account
A ____________ is a bank account on which interest is paid, traditionally one for which a bankbook is used to record deposits, withdrawals, and interest payments.
savings account
checking account
retirement account
loan account
_______________ let you easily access the money in your checking account to pay for everyday expenses.
Bank cards
Credit cards
Check cards
Gift cards
An instance of buying or selling something; a business deal is called a(n) _________.
purchase
bill paying
exchange
transaction
A small plastic card issued by a bank, business, etc., allowing the holder to purchase goods or services on credit is called a(n)
debit card
ATM card
credit card
bank card
If you use your credit card, and don't pay the full balance by the due date, the bank will charge you ____________.
Interest and/or late fees
call you to let you know
deduct the amount from your checking account
none of the above
Your _______ number for your ATM card should always be kept secret for security reasons.
passcode
PIN or personal identification number
security code
account
The ______________ is a person to whom money is paid or is to be paid, especially the person to whom a check is made payable.
payer
designee
checker
payee
An example of a(n) ____________is when you sign the back of check, telling the bank that you give your approval for the check to be cashed.
endorsement
agreement
transaction
acceptance
A _______________________is the process of matching the balances in a person's checking records for a cash account to the corresponding information on a bank statement.
endorsement
transaction balancing
bank reconciliation
check register
A ______________ is a log that shows a record of transactions for an account.
check register
check log
records register
transactions book
