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Careers - Banking terms

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

A charge to customers by the bank for services.

a)

debit card

b)

fee

c)

overdraft

d)

pin

2.

A purchase care that pays for a transaction by using your money.

a)

credit card

b)

credit union

c)

debit card

d)

joint account

3.

Writing a check for more than you have in the bank.

a)

Interest

b)

Income

c)

overdraft

d)

fees

4.

the amount of money required to be held in an account to receive a higher interest rate.

a)

Minimum Balance

b)

quarterly

c)

fee

d)

Direct deposit

5.

A bank account shared by two people

a)

Credit union

b)

joint account

c)

debit card

d)

interest

6.

The act of taking money out of the bank.

a)

withdrawal

b)

interest

c)

deposit

d)

fee

7.

when your paycheck, transfer payment or refund are automatically deposited into the bank.

a)

insufficient funds

b)

interest

c)

direct deposit

d)

overdraft

8.

Interest paid on the principal plus earned interest.

a)

interest

b)

depost

c)

withdrawal

d)

compound interest

9.

The amount of money in your account.

a)

deposit

b)

balance

c)

interest

d)

compound interest

10.

Insures your money in the bank up to 250k.

a)

ATM

b)

APY

c)

FDIC

d)

FCLS