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WorksheetsFinancial Literacy Vocabulary
Total questions: 17
Worksheet time: 9mins
A computer terminal that allows the user to access basic bank services, such as making deposits and cash withdrawals from remote locations, twenty-four hours a day.
ATM
APR
Overdraft
Reconcile
Going through a process of making your bank statement balance AGREE (be consistent) with your checkbook register.
Reconcile
Overdraft
APR
Endorsement
The use of a digital device to conduct online financial related transactions.
Electronic Banking
Account Statement
Debit Card
Credit Card
The lowest or smallest amount of money that can be kept in your bank account without receiving a fee.
Minimum Balance
APR
ATM
Insufficient Funds
The process of signing the back of your check before it is deposited into your bank account. This can be done in one of four different ways: Blank, Special/Full, Corrective, and Restrictive.
Endorsement
Overdraft
APR
Transfer
APR on your bank account balance stands for...
Annual Percentage Rate
Automated Principle Reduction
Arrival Percentage Route
Annual Principle Reduction
An electronic transfer of a payment directly from the bank account of the payer to the recipient's account. An example of this might include having your paycheck automatically added to your checking.
Direct Deposit
Withdrawal
Reconcile
Transaction
The act of moving your money from your savings account to your checking account is called...
Transfer
Reconciliation
Minimum Balance
Endorsement
Money deducted from an account is known as a...
Withdrawal
Overdraft
Insufficient Funds
Reconcile
An exchange in which goods, services, or money are passed from one person or account to another.
Transaction
Overdraft
APR (Annual Percentage Rate)
ATM
A sum of money placed (added to) or kept in a bank account.
Deposit
Withdrawal
Transfer
Reconcile
A cash journal recording all money going into or out of an account during a period of time.
Check Register
Transaction
Transfer
Direct Deposit
A negative balance in a bank account caused by using more money than the account holds.
Overdraft
Endorsement
Minimum Balance
Direct Deposit
This occurs when an account cannot provide adequate money to make a payment.
Insufficient Funds
Withdrawal
Transfer
Reconcile
A printed record of the balance in a bank account that includes the amounts that have been deposited and withdrawn from it. It is issued periodically (ie monthly) to the holder of the account.
Account Statement
Overdraft
Electronic Banking
ATM
A card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase.
Debit Card
Checkbook Register
Reconcile
Endorsement
This card is used to temporarily use someone else's money that will need to be paid back during a specific billing cycle.
Credit Card
Debit Card
Rewards Card
Gift Card
