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Banking terms

Total questions: 11

Worksheet time: 22mins

Name
Class
Date
1.

Where your money goes when you get paid is a

a)

Savings Account

b)

Checking account

c)

Blank account

2.

When you pull money from your account you are

a)

withdrawing

b)

dancing

c)

depositing

3.

It is important to keep money in this account for emergencies

a)

Checking account

b)

Transfer account

c)

Savings account

4.

Choose all the reasons checking accounts are different from savings accounts.

a)

Checking accounts are short term

b)

can always access anytime

c)

Can look at checking but not saving

d)

you can put money in or take money out at anytime

5.

Choose all the reasons why a savings account is different from a checking account.

a)

can only pull money from the account a limited number of times month

b)

used for emergencies

c)

long term account

d)

bills come out of it

6.

To move money from one account to another is a

a)

deposit

b)

transfer

c)

withdraw

d)

overdraft

7.

To pull too much money from your account is

a)

overdraft

b)

deposit

c)

transfer

d)

withdraw

8.

To put money into your account is

a)

Overdraft

b)

withdraw

c)

deposit

d)

transfer

9.

What does SSI stand for?

a)

social standing income

b)

salute social internet

c)

social security income

d)

saturday sunday internet

10.

Do you receive SSI?

a)

Yes

b)

No

c)

I don't know

11.

What is another word for paying room and board?

a)

paying rent and utilities

b)

paying for your bedroom and a piece of wood