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Consumer Skills Vocab

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

Relating to money or currency

a)

Needs

b)

Monetary

c)

Deposit

2.

These are things that you do not have to have to survive but you would like to have.

a)

Wants

b)

Needs

c)

Monetary

3.

These are things that are required for you to survive

a)

Bank

b)

Needs

c)

Wants

4.

Responsible for conducting monetary policy and supervision and regulation of financial institutions.

a)

Federal Reserve Bank

b)

Financial Institution

c)

Bank Reconciliation Statement

5.

A financial institution that receives deposits, makes loans, invests in securities, honors checks drawn on those deposits, and pays interest.

a)

Bank

b)

Federal Reserve Bank

c)

Bank Reconciliation Statement

6.

An account at a financial institution that allows for withdrawals and deposits.

a)

Debit Cards

b)

Checking Account

c)

Credit Cards

7.

Compare prices, features, benefits, risks, and other characteristics similar to products and services.

a)

Comparison Shopping

b)

Credit

c)

Financial Institution

8.

Are credit that comes with a card you can borrow on an ongoing basis; it has interest rates, a spending limit, and monthly payments.

a)

Debit Cards

b)

Credit Cards

c)

Check

9.

Are written orders telling your bank to pay money to an individual or business.

a)

Debit Cards

b)

Credit Cards

c)

Checks

10.

Cards issued in association with checking or savings accounts that allow point-of-sale purchases that are then deducted from bank balances and ATM withdrawals.

a)

Debit Cards

b)

Credit Cards

c)

Checks

11.

These are where societies or governments organize and distribute available resources, services, and goods across a geographic region or country.

a)

Electronic Monetary Transactions

b)

Bank Reconciliation Statement

c)

Economic Systems

12.

A sum of money placed or kept in a bank account

a)

Deposit

b)

Withdrawal

c)

Electronic monetary transactions

13.

An act of taking money out of an account

a)

Deposit

b)

Withdrawal

c)

Electronic monetary transactions

14.

An organization or business that provides types of financial services to customers and deals with various monetary transactions that include cash deposits, loans, raising capital, and exchanging securities.

a)

Financial Institution

b)

Withdrawal

c)

Economic Systems

15.

Compares the cash balance to its bank statement.

a)

Electronic Monetary Transactions

b)

Bank Reconciliation Statement

c)

Economic Systems