WorksheetsChecking Vocabulary
Total questions: 16
Worksheet time: 8mins
What is a Checking Account?
A) A record book for tracking deposits and withdrawals.
B) A plastic card linked to your account.
C) An account used for everyday transactions.
D) A government agency.
What is a Deposit?
A) A written order to pay someone.
B) Taking money out of a bank account.
C) Putting money into a bank account.
D) A bank card.
What is a Check?
A) A government agency.
B) A summary of transactions.
C) A written order to pay from your account.
D) An ATM machine.
What is an Overdraft?
A) When your account balance is zero.
B) When you spend more than you have in your account.
C) A fee charged for using ATMs.
D) A bank's monthly report.
What is the Minimum Balance?
A) The highest amount of money you can have in your account.
B) The lowest amount of money to have in your account to avoid fees or account closure.
C) The amount you should spend daily.
D) The amount you owe to the bank.
What is Direct Deposit?
A) A method of depositing checks at the bank.
B) A way to check your account balance.
C) Automatically depositing payments into your account.
D) A type of bank card.
What does the FDIC stand for?
What is an ATM?
A) A machine for tracking account balances.
B) A machine for depositing money into your account.
C) A machine for withdrawing cash and checking balances.
D) A digital tool for managing accounts.
What is an Account Statement?
A) A monthly summary of account transactions.
B) A written order to pay someone.
C) A record book for tracking deposits.
D) A plastic card linked to your account.
What is Online Banking?
A) Accessing and managing your account through the internet.
B) Banking using only paper checks.
C) Accessing your account via a mobile app.
D) Depositing money at a physical bank
What is a Debit Card?
A) A plastic card linked to your account.
B) A written order to pay someone.
C) A type of ATM machine.
D) A digital tool for tracking transactions.
What is an Overdraft Fee?
A) A fee charged for using ATMs.
B) A fee for not using your account.
C) A fee for spending too much money.
D) A fee for overdraft protection.
What is Mobile Banking?
A) Using a mobile app to manage your account.
B) Banking at a physical branch.
C) Depositing checks at an ATM.
D) Sending money via text messages.
What is a Check Register?
A) A record book for tracking account transactions.
B) A digital tool for managing accounts.
C) A monthly summary of transactions.
D) A plastic card linked to your account.
What does the FDIC do?
A) Protects customer deposits in case of a bank failure.
B) Regulates ATM usage.
C) Provides loans to customers.
D) Insures against overdraft fees.
What is a balance?
A) The highest amount of money in your account.
B) The lowest amount to avoid fees.
C) The amount of money in your checking account at a given moment.
D) The interest earned on your savings account.
