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Banking Vocabulary Check In

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Occurring every year

a)

Annual

b)

Yearly

c)

Weekly

d)

None of the Above

2.

Money taken out of your account

a)

Debit

b)

Credit

c)

Interest

d)

Principal

3.

A financial institution that lends money to its members; similar to a bank but members can borrow money at lower rates of interest

a)

Broker

b)

Hedge Fund

c)

Money Market Account

d)

Credit Union

4.

Interest paid on the principal alone; not on any accrued interest

a)

Simple Interest

b)

Compound Interest

c)

Single Interest

d)

 

Interest

5.

An amount of money put in a bank on which interest is paid

a)

Deposit

b)

Money Market Account

c)

Principal

d)

Balance

6.

An amount of money in a bank account

a)

Principal

b)

Interest

c)

Budget

d)

Balance

7.

Money that is paid for borrowing someone else's money

a)

Interest

b)

Compound Interest

c)

Simple Interest

d)

Deposit

8.

The price or cost of something

a)

Savings

b)

Rate

c)

Debit

d)

Range

9.

The lowest or smallest possible amount

a)

 

Minmum

b)

Premium

c)

Profit

d)

Savings

10.

The money a person collects over a period of time and does not spend right away

a)

Checking

b)

Savings

c)

Money Market

d)

None of the Above