WorksheetsJA Biztown Unit 1: Financial Services Vocabulary
Total questions: 36
Worksheet time: 18mins
Name
Class
Date
1.
Checking Account
a)
A bank account used to pay bills and access funds using checks and debit cards.
b)
A fee received or paid for the use of money.
c)
The chief financial officer is responsible for a business's finances.
d)
A business agreement or exchange.
2.
Credit Card
a)
A card that allows the holder to buy goods and services by taking out a bank loan.
b)
To have money gain in increments, usually at a set rate.
c)
To write a signature on the back of a check.
d)
A machine that allows bank customers to deposit or withdraw money without vising their bank.
3.
Credit Union
a)
A financial institution owned by its members that provides many of the same services as a bank, but members own and control it as a nonprofit business.
b)
Interest calculated and paid on a balance and on a the interest paid previously.
c)
The money people earn for their work.
d)
The current amount of money in an account.
4.
Savings and Loan
a)
A financial institution that often focuses on real estate financing, but also provides savings and checking account services
b)
A card that is purchased for a certain amount and then used like cash.
c)
A check received for work completed.
d)
A business that offers money related services to its customers including loans and checking and savings accounts.
5.
Debit Card
a)
A card that allows customers to electronically and immediately withdraw funds from their accounts, either in cash or to purchase goods and services.
b)
The crime of stealing someone else's personal or financial information for your own use.
c)
A written record of money put into a checking account.
d)
A company that sells goods or services.
6.
Economy
a)
A system that guides how money is earned and used in a society.
b)
A booklet for recording money put into (deposited) or removed from (withdrawn) an account.
c)
The amount of money placed into an account after all deductions, such as cash back, are made.
d)
An investment that earns interest over a specific period of time.
7.
Financial Institution
a)
A business that provides money-related services.
b)
A business agreement or exchange.
c)
A check that is written for more than the amount of money in a checking account.
d)
A written order to a bank to pay a certain amount of money from a checking account to another person or business.
8.
Loan
a)
Money borrowed that must be repaid, usually with interest.
b)
A bank account used to pay bills and access funds using checks and debit cards.
c)
A booklet for recording money put into (deposited) or removed from (withdrawn) an account.
d)
A group of people chosen to manage or direct a business or organization.
9.
Online banking/internet bank
a)
A service that allows customers to perform banking activities using the Internet through mobile apps, cellphones, websites, and ATM's. Has no physical building(s) or walk-up tellers
b)
A card that allows the holder to buy goods and services by taking out a bank loan.
c)
A check written from a personal checking account.
d)
The chief financial officer is responsible for a business's finances.
10.
Safe Deposit Box
a)
A bank safe where documents, jewelry, or other valuables are kept.
b)
A financial institution owned by its members that provides many of the same services as a bank, but members own and control it as a nonprofit business.
c)
An electronic transfer of money from one account to another; often used by employers to pay employees.
d)
To write a signature on the back of a check.
11.
Savings Account
a)
An account that usually earns interest and is often used to hold money that is not needed right away.
b)
A financial institution that often focuses on real estate financing, but also provides savings and checking account services
c)
A fee received or paid for the use of money.
d)
The money people earn for their work.
12.
Transaction
a)
A business agreement or exchange.
b)
A card that allows customers to electronically and immediately withdraw funds from their accounts, either in cash or to purchase goods and services.
c)
To have money gain in increments, usually at a set rate.
d)
A check received for work completed.
13.
ATM (Automated Teller Machine)
a)
A machine that allows bank customers to deposit or withdraw money without vising their bank.
b)
A system that guides how money is earned and used in a society.
c)
Interest calculated and paid on a balance and on a the interest paid previously.
d)
A written record of money put into a checking account.
14.
Balance
a)
The current amount of money in an account.
b)
A business that provides money-related services.
c)
A card that is purchased for a certain amount and then used like cash.
d)
The amount of money placed into an account after all deductions, such as cash back, are made.
15.
Bank
a)
A business that offers money related services to its customers including loans and checking and savings accounts.
b)
Money borrowed that must be repaid, usually with interest.
c)
The crime of stealing someone else's personal or financial information for your own use.
d)
A check that is written for more than the amount of money in a checking account.
16.
Business
a)
A company that sells goods or services.
b)
A service that allows customers to perform banking activities using the Internet through mobile apps, cellphones, websites, and ATM's. Has no physical building(s) or walk-up tellers
c)
A number required when a person uses a debit card; it ensures others can't access the bank account.
d)
A booklet for recording money put into (deposited) or removed from (withdrawn) an account.
17.
Certificate of Deposit (CD)
a)
An investment that earns interest over a specific period of time.
b)
A bank safe where documents, jewelry, or other valuables are kept.
c)
A card that allows you to spend only the amount you have pre-deposited into an account.
d)
A check written from a personal checking account.
18.
Check
a)
A written order to a bank to pay a certain amount of money from a checking account to another person or business.
b)
An account that usually earns interest and is often used to hold money that is not needed right away.
c)
A bank account used to pay bills and access funds using checks and debit cards.
d)
An electronic transfer of money from one account to another; often used by employers to pay employees.
19.
Board of Directors
a)
A group of people chosen to manage or direct a business or organization.
b)
A business agreement or exchange.
c)
A card that allows the holder to buy goods and services by taking out a bank loan.
d)
A fee received or paid for the use of money.
20.
CFO
a)
The chief financial officer is responsible for a business's finances.
b)
A machine that allows bank customers to deposit or withdraw money without vising their bank.
c)
A financial institution owned by its members that provides many of the same services as a bank, but members own and control it as a nonprofit business.
d)
To have money gain in increments, usually at a set rate.
21.
Endorse
a)
To write a signature on the back of a check.
b)
The current amount of money in an account.
c)
A financial institution that often focuses on real estate financing, but also provides savings and checking account services
d)
Interest calculated and paid on a balance and on a the interest paid previously.
22.
Income
a)
The money people earn for their work.
b)
A business that offers money related services to its customers including loans and checking and savings accounts.
c)
A card that allows customers to electronically and immediately withdraw funds from their accounts, either in cash or to purchase goods and services.
d)
A card that is purchased for a certain amount and then used like cash.
23.
Paycheck
a)
A check received for work completed.
b)
A company that sells goods or services.
c)
A system that guides how money is earned and used in a society.
d)
The crime of stealing someone else's personal or financial information for your own use.
24.
Deposit Ticket
a)
A written record of money put into a checking account.
b)
An investment that earns interest over a specific period of time.
c)
A business that provides money-related services.
d)
A number required when a person uses a debit card; it ensures others can't access the bank account.
25.
Net Deposit
a)
The amount of money placed into an account after all deductions, such as cash back, are made.
b)
A written order to a bank to pay a certain amount of money from a checking account to another person or business.
c)
Money borrowed that must be repaid, usually with interest.
d)
A card that allows you to spend only the amount you have pre-deposited into an account.
26.
Bounced Check
a)
A check that is written for more than the amount of money in a checking account.
b)
A group of people chosen to manage or direct a business or organization.
c)
A service that allows customers to perform banking activities using the Internet through mobile apps, cellphones, websites, and ATM's. Has no physical building(s) or walk-up tellers
d)
A bank account used to pay bills and access funds using checks and debit cards.
27.
Check Register
a)
A booklet for recording money put into (deposited) or removed from (withdrawn) an account.
b)
The chief financial officer is responsible for a business's finances.
c)
A bank safe where documents, jewelry, or other valuables are kept.
d)
A card that allows the holder to buy goods and services by taking out a bank loan.
28.
Personal Check
a)
A check written from a personal checking account.
b)
To write a signature on the back of a check.
c)
An account that usually earns interest and is often used to hold money that is not needed right away.
d)
A financial institution owned by its members that provides many of the same services as a bank, but members own and control it as a nonprofit business.
29.
Direct Deposit
a)
An electronic transfer of money from one account to another; often used by employers to pay employees.
b)
The money people earn for their work.
c)
A business agreement or exchange.
d)
A financial institution that often focuses on real estate financing, but also provides savings and checking account services
30.
Interest
a)
A fee received or paid for the use of money.
b)
A check received for work completed.
c)
A machine that allows bank customers to deposit or withdraw money without vising their bank.
d)
A card that allows customers to electronically and immediately withdraw funds from their accounts, either in cash or to purchase goods and services.
31.
Accrue
a)
To have money gain in increments, usually at a set rate.
b)
A written record of money put into a checking account.
c)
The current amount of money in an account.
d)
A system that guides how money is earned and used in a society.
32.
Compound Interest
a)
Interest calculated and paid on a balance and on a the interest paid previously.
b)
The amount of money placed into an account after all deductions, such as cash back, are made.
c)
A business that offers money related services to its customers including loans and checking and savings accounts.
d)
A business that provides money-related services.
33.
Gift Card
a)
A card that is purchased for a certain amount and then used like cash.
b)
A check that is written for more than the amount of money in a checking account.
c)
A company that sells goods or services.
d)
Money borrowed that must be repaid, usually with interest.
34.
Identity Theft
a)
The crime of stealing someone else's personal or financial information for your own use.
b)
A booklet for recording money put into (deposited) or removed from (withdrawn) an account.
c)
An investment that earns interest over a specific period of time.
d)
A service that allows customers to perform banking activities using the Internet through mobile apps, cellphones, websites, and ATM's. Has no physical building(s) or walk-up tellers
35.
PIN (Personal Identification Number)
a)
A number required when a person uses a debit card; it ensures others can't access the bank account.
b)
A check written from a personal checking account.
c)
A written order to a bank to pay a certain amount of money from a checking account to another person or business.
d)
A bank safe where documents, jewelry, or other valuables are kept.
36.
Prepaid Card
a)
A card that allows you to spend only the amount you have pre-deposited into an account.
b)
An electronic transfer of money from one account to another; often used by employers to pay employees.
c)
A group of people chosen to manage or direct a business or organization.
d)
An account that usually earns interest and is often used to hold money that is not needed right away.
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