WorksheetsBanking Vocabulary Quiz 2025
Total questions: 15
Worksheet time: 8mins
Name
Class
Date
1.
An electronic communication that moves funds from an account in one bank to an account in a different bank instantly. It is a useful option to send money securely when the two parties are not in the same geographic location.
a)
WIRE TRANSFER
b)
ATM
c)
BANK STATEMENT
d)
CHECKBOOK
e)
CHECK
2.
A written, dated, and signed order to the bank that tells it to pay a definite sum of money to a payee
a)
CHECK
b)
ATM
c)
BANK STATEMENT
d)
CHECKBOOK
e)
CERTIFICATE OF DEPOSIT
3.
Money you put into your account
a)
DEPOSIT
b)
ATM
c)
BANK STATEMENT
d)
CHECKBOOK
e)
CHECK
4.
A monthly document prepared by your financial institution which shows all of the transactions related to your account
a)
BANK STATEMENT
b)
ATM
c)
CHECKBOOK
d)
CHECK
e)
CERTIFICATE OF DEPOSIT
5.
A sum of money deducted FROM your account
a)
DEBIT
b)
ATM
c)
BANK STATEMENT
d)
CHECKBOOK
e)
CHECK
6.
A fee charged to your account when it lacks the funds to cover a withdrawal, but the bank allows the transaction to go through anyway
a)
OVERDRAFT FEE
b)
ATM
c)
BANK STATEMENT
d)
CHECKBOOK
e)
CHECK
7.
A card that is directly connected to your checking account; it enables you to conduct ATM transactions and to make purchases instead of using cash or writing a check
a)
DEBIT CARD
b)
ATM
c)
BANK STATEMENT
d)
CHECKBOOK
e)
CHECK
8.
The amount of money you have in your bank account
a)
BALANCE
b)
ATM
c)
BANK STATEMENT
d)
CHECK
e)
CERTIFICATE OF DEPOSIT
9.
An automatic electronic deposit of net pay to an employee's designated bank account
a)
DIRECT DEPOSIT
b)
ATM
c)
BANK STATEMENT
d)
CHECKBOOK
e)
CHECK
10.
Allows a person to manage a bank account holder's funds through actions such as withdrawing or depositing money, viewing account balances, etc.
a)
ATM
b)
BANK STATEMENT
c)
CHECKBOOK
d)
CHECK
e)
CERTIFICATE OF DEPOSIT
11.
Which one of the following are financial institutions?
a)
bank and credit union
b)
library and hospital
c)
school and museum
d)
Starbucks and Wal-Mart
12.
What is interest?
a)
A hobby or something you like to do
b)
Money that you pay to borrow money or earn for saving money
c)
A new video game
d)
A type of food
13.
The government agency that insures customer deposits if a bank fails up to $250,000 per individual depositor
a)
FDIC
b)
NCUA
c)
APP
d)
HOVA
14.
Original amount of money saved or invested, separate from interest or earnings
a)
Cash App
b)
Principal
c)
Payment
d)
Interest
15.
A measurement of your assets (money you've saved or things of value you own) minus your liabilities (money you owe others); also called net worth
a)
Riches
b)
Control
c)
Wealth
d)
Power
100 %
