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Worksheets

Banking and Finance Terms

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

A written document that serves as evidence of insurance coverage.

a)

Policy

b)

Certificate

c)

Agreement

d)

Contract

2.

The original sum of money borrowed or invested.

a)

Principal

b)

Interest

c)

Dividend

d)

Capital

3.

A bank account that is held by more than one person.

a)

Joint Account

b)

Single Account

c)

Savings Account

d)

Checking Account

4.

Money that you take out of your bank account.

a)

Deposit

b)

Withdrawal

c)

Transfer

d)

Balance

5.

Money paid in addition to the amount borrowed or the money earned in a savings account.

a)

Principal

b)

Interest

c)

Dividend

d)

Fee

6.

An interest rate that remains the same while the loan is being repaid.

a)

Variable Rate

b)

Fixed Rate

c)

Adjustable Rate

d)

Floating Rate

7.

The amount of money that you have in your bank account.

a)

Balance

b)

Deposit

c)

Withdrawal

d)

Interest

8.

Putting money aside for future use.

a)

Investing

b)

Spending

c)

Saving

d)

Borrowing

9.

A card that can be used to make purchases. Purchases made are paid for over time.

a)

Debit Card

b)

Credit Card

c)

Prepaid Card

d)

Gift Card

10.

Interest calculated on the principal amount and interest.

a)

Simple Interest

b)

Compound Interest

c)

Fixed Interest

d)

Variable Interest

11.

An interest rate that can vary during the life of the loan.

a)

Fixed Rate

b)

Adjustable Rate

c)

Variable Rate

d)

Capped Rate

12.

The amount of money you receive in your paycheck BEFORE any deductions.

a)

Net Pay

b)

Gross Pay

c)

Deductions

d)

Taxable Income

13.

The person or people designated to receive the death benefit when the insured person dies.

a)

Beneficiary

b)

Policyholder

c)

Underwriter

d)

Claimant

14.

When someone steals your information and uses it without your permission.

a)

Identity Theft

b)

Data Breach

c)

Phishing

d)

Cyberbullying

15.

A monthly record of account transactions provided by your bank or credit card company.

a)

Invoice

b)

Receipt

c)

Statement

d)

Bill

16.

A bank account that earns interest.

a)

Checking Account

b)

Savings Account

c)

Money Market Account

d)

Certificate of Deposit

17.

The amount of money you receive in your paycheck AFTER deductions.

a)

Gross Pay

b)

Net Pay

c)

Deductions

d)

Taxable Income

18.

A secret code that you need to use the ATM.

a)

PIN (Personal Identification Number)

b)

Password

c)

Security Code

d)

Access Key

19.

A 3-digit number that tells lenders how credit worthy a person is.

a)

Credit Score

b)

Loan Amount

c)

Interest Rate

d)

Debt-to-Income Ratio

20.

A unique number assigned to each individual and used for identification purposes.

a)

Social Security Number

b)

Identification Code

c)

Personal ID Number

d)

Unique User ID