WorksheetsUnit 3 7th Grade Vocab Quiz #2
Total questions: 22
Worksheet time: 33mins
Fill in the blank: A PIN is a secret code that stands for _______.
Match the following terms with their definitions:
A bank account for everyday spending
A card you load with money to use like cash
A booklet to track money in and out of your account
A written order to pay someone from your bank account
Fill in the blank: Cashback is money you get back when you use your (a) to buy things.
Match the following terms with their definitions:
The most money you can borrow on your card
Extra money paid when borrowing money
A card that lets you borrow money to buy things
Fill in the blank: (a) is the extra money you pay when you borrow money.
Explain the difference between a checking account and a savings account.
Match the following terms with their definitions:
A machine to withdraw cash
Spending more than you have in your account
A secret code for accessing your account
What is a credit card primarily used for?
To save money
To borrow money for purchases
To earn interest
To deposit cash
What is an annual fee in the context of credit cards?
A monthly charge for using a credit card
A yearly charge for having a credit card
A fee for late payments
A fee for exceeding the credit limit
What are rewards in the context of credit cards?
Discounts on purchases
Points or miles earned for using the card
Free annual fees
Lower interest rates
What is an ATM used for?
To deposit checks
To withdraw cash
To apply for loans
To open a new account
What is the purpose of a credit limit on a credit card?
To determine the interest rate
To set the maximum amount you can borrow
To calculate annual fees
To offer cashback rewards
What happens when you have an overdraft in your bank account?
You earn interest
You receive a bonus
You are charged a fee
You get a loan
What does ATM stand for?
Automated Teller Machine
Automatic Transaction Machine
Automated Transfer Machine
Automatic Teller Mechanism
What is a PIN used for?
To access your bank account
To earn interest
To overdraft your account
To increase your credit limit
What is a prepaid card?
A card linked to your savings account
A card you load money onto and use like cash
A card that earns interest
A card that automatically deducts money from your checking account
How can a checkbook transaction register help you?
It automatically deposits money
It helps track spending and balance
It increases your interest rate
It prevents overdraft fees
What is a check?
A tool to track your spending
A written order to pay someone from your bank account
A type of savings account
A card that earns rewards
Antonio does not like carrying cash or writing checks, but he wants to have access to his money in his account for daily use. What service that fits his preferences can a bank offer him?
saving account
Credit Card
Debit Card
Deposit Box
You have $253.55 in your checking account.
You deposit $44.34.
Do you have enough money for a $300 video game system purchase?
(you CAN use a calculator)
True
False
You have $219.78 in your checking account.
You withdraw $60.
You want to make a purchase for $80 for clothes. Do you have enough money?
(you CAN use a calculator)
True
False
You earn $35 from pet sitting. You want to put it in your bank account.
That is called...
deposit
withdrawal
debit card
PIN
