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WorksheetsLKS2 PSHE Money Matters: Ways to Pay - Bank accounts
Total questions: 8
Worksheet time: 4mins
Which of the following are types of bank accounts?
Leasing account
Current account/Checking account
Selling account
Savings account
Why do we save money in banks?
To avoid being stolen by people
To avoid lost
Not to be destroyed
To earn an interest
What happened if our banks can't pay back the money to us?
We will lose the money.
The government will pay us back with certain amount.
Other banks will pay us back.
Which of the following account allows us to issue cheques?
Current/checking account
Savings account
Which of the following account is used for spending purpose?
Current/checking account
Savings account
Which of the following account allows us to earn some interests if we put money into that account?
Current/checking account
Savings account
What does "overdraw" mean?
to take money out from a bank
to draw cheques on (a bank account) for more than the balance the account was overdrawn
To withdraw money from an ATM until it is out of cash.
What does "available balance" mean?
put (something) in a steady position so that it does not fall
the total amount of money you owe on your account
the total amount of money in your account that you can use for purchases and withdrawals
