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Banking Vocabulary

Total questions: 12

Worksheet time: 6mins

Name
Class
Date
1.

A bank is ..

a)

a school

b)

a store

c)

an institution

2.

An expense that can go up or down in price is a

a)

variable expense

b)

fixed expense

c)

income

d)

ATM

3.

Making a _______ helps to stay on track to afford/pay for all your expenses.

a)

income

b)

direct

c)

budget

d)

withdrawal

4.

A comic book, a car, a new tv or a new gaming device are all considered....

a)

fixed income

b)

discretionary expenses

c)

ATM

d)

debit

5.

A minimum balance is...

a)

the most you can keep in your bank account.

b)

a loan

c)

a fee

d)

the least amount of money needed to keep in your account before you are charged fees.

6.

A bank account is....

a)

only for adults.

b)

for your dog.

c)

a place to keep your money safe.

d)

an unsafe place to put your money.

7.

When you take money out of your account, it is called a....

a)

loan

b)

fee

c)

withdrawal

d)

investment

8.

You use your checking account to pay for....

a)

monthly expenses

b)

save money for a big expense

c)

to pay for daily expenses

d)

fees

9.

Banks charge _________ if your balance falls below a certain amount.

a)

fees

b)

interest

c)

discretionary

d)

deposit

10.

The balance on your account is.....

a)

how much you've spent

b)

the activity you've done on your account.

c)

how much money is in your account.

d)

used at ATMs

11.

A check that is automatically put into your bank account is called.....

a)

a loan.

b)

a direct deposit.

c)

interest.

d)

an expense.

12.

Expenses such as rent, utilities, cable and phone bills are considered...

a)

needs.

b)

savings.

c)

waived fees.

d)

statements.