wayground logo

Free Printable Worksheets

NEW

Font size

S
M
L
XL
Worksheets

Financial Literacy Vocabulary

Total questions: 17

Worksheet time: 9mins

Name
Class
Date
1.

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.

a)

ATM

b)

APR

c)

Overdraft

d)

Reconcile

2.

Going through a process of making your bank statement balance AGREE (be consistent) with your checkbook register.

a)

Reconcile

b)

Overdraft

c)

APR

d)

Endorsement

3.

The use of a digital device to conduct online financial related transactions.

a)

Electronic Banking

b)

Account Statement

c)

Debit Card

d)

Credit Card

4.

The lowest or smallest amount of money that can be kept in your bank account without receiving a fee.

a)

Minimum Balance

b)

APR

c)

ATM

d)

Insufficient Funds

5.

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.

a)

Endorsement

b)

Overdraft

c)

APR

d)

Transfer

6.

APR on your bank account balance stands for...

a)

Annual Percentage Rate

b)

Automated Principle Reduction

c)

Arrival Percentage Route

d)

Annual Principle Reduction

7.

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.

a)

Direct Deposit

b)

Withdrawal

c)

Reconcile

d)

Transaction

8.

The act of moving your money from your savings account to your checking account is called...

a)

Transfer

b)

Reconciliation

c)

Minimum Balance

d)

Endorsement

9.

Money deducted from an account is known as a...

a)

Withdrawal

b)

Overdraft

c)

Insufficient Funds

d)

Reconcile

10.

An exchange in which goods, services, or money are passed from one person or account to another.

a)

Transaction

b)

Overdraft

c)

APR (Annual Percentage Rate)

d)

ATM

11.

A sum of money placed (added to) or kept in a bank account.

a)

Deposit

b)

Withdrawal

c)

Transfer

d)

Reconcile

12.

A cash journal recording all money going into or out of an account during a period of time.

a)

Check Register

b)

Transaction

c)

Transfer

d)

Direct Deposit

13.

A negative balance in a bank account caused by using more money than the account holds.

a)

Overdraft

b)

Endorsement

c)

Minimum Balance

d)

Direct Deposit

14.

This occurs when an account cannot provide adequate money to make a payment.

a)

Insufficient Funds

b)

Withdrawal

c)

Transfer

d)

Reconcile

15.

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.

a)

Account Statement

b)

Overdraft

c)

Electronic Banking

d)

ATM

16.

A card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase.

a)

Debit Card

b)

Checkbook Register

c)

Reconcile

d)

Endorsement

17.

This card is used to temporarily use someone else's money that will need to be paid back during a specific billing cycle.

a)

Credit Card

b)

Debit Card

c)

Rewards Card

d)

Gift Card