WorksheetsConsumer Skills Vocab
Total questions: 15
Worksheet time: 8mins
Relating to money or currency
Needs
Monetary
Deposit
These are things that you do not have to have to survive but you would like to have.
Wants
Needs
Monetary
These are things that are required for you to survive
Bank
Needs
Wants
Responsible for conducting monetary policy and supervision and regulation of financial institutions.
Federal Reserve Bank
Financial Institution
Bank Reconciliation Statement
A financial institution that receives deposits, makes loans, invests in securities, honors checks drawn on those deposits, and pays interest.
Bank
Federal Reserve Bank
Bank Reconciliation Statement
An account at a financial institution that allows for withdrawals and deposits.
Debit Cards
Checking Account
Credit Cards
Compare prices, features, benefits, risks, and other characteristics similar to products and services.
Comparison Shopping
Credit
Financial Institution
Are credit that comes with a card you can borrow on an ongoing basis; it has interest rates, a spending limit, and monthly payments.
Debit Cards
Credit Cards
Check
Are written orders telling your bank to pay money to an individual or business.
Debit Cards
Credit Cards
Checks
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.
Debit Cards
Credit Cards
Checks
These are where societies or governments organize and distribute available resources, services, and goods across a geographic region or country.
Electronic Monetary Transactions
Bank Reconciliation Statement
Economic Systems
A sum of money placed or kept in a bank account
Deposit
Withdrawal
Electronic monetary transactions
An act of taking money out of an account
Deposit
Withdrawal
Electronic monetary transactions
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.
Financial Institution
Withdrawal
Economic Systems
Compares the cash balance to its bank statement.
Electronic Monetary Transactions
Bank Reconciliation Statement
Economic Systems
