WorksheetsElementary Finance Vocabulary - Banzai
Total questions: 20
Worksheet time: 10mins
Debit Card
A card you can use to pay with money directly from your checking account.
A card that allows you to borrow money up to a certain limit.
A card used for online shopping that is linked to a credit account.
A card that earns rewards points for every purchase made.
Savings Account
A type of investment that carries high risk
A safe place to store your money (at a bank); it earns a small percentage of interest
A loan provided by the bank to individuals
A checking account with no fees
Competition
More choices and better prices
Higher prices and fewer options
Limited choices and increased costs
No impact on market prices
Business Expense
Necessary cost for personal use
Important expense for job
Optional expense for leisure
Minor expense for office supplies
Bill
an amount of money owed for goods supplied or services rendered
a type of financial statement
a document for tax purposes
a form of currency
Budget
Plan for spending money
A type of investment
A financial report
A savings account
Savings Account
A type of investment that carries high risk
A safe place to store your money (at a bank); it earns a small percentage of interest
A loan provided by the bank to individuals
A checking account with no fees
Interest
Charge for borrowing money
A type of investment
A form of savings
A government tax
Transfer
Movement of money from one account directly to another
A type of bank loan
A method of investing in stocks
A process of withdrawing cash from an ATM
Check
A piece of paper that you fill out that allows you to buy things with money directly from your checking account
A digital currency used for online transactions
A type of bank account that earns interest
A form of identification required for cash transactions
Income
Money earned from work
A type of investment
A government subsidy
A form of debt
Debt
Amount owed to someone
A type of investment
A financial asset
A government bond
Vendor
Seller of a product
Buyer of a product
Manufacturer of a product
Distributor of a product
Teller
A bank employee who takes in money and pays out money
A person who manages investments
A customer service representative
A loan officer
Checking Account
A type of investment account that offers high returns.
A deposit account held at a financial institution that allows easy deposit, withdrawal, and transfer of funds.
A savings account with limited access to funds.
A loan account that requires monthly payments.
Sales Tax
Percentage added to price of goods
Flat fee applied to all purchases
Discount on bulk purchases
Tax refund for consumers
Deposit
Money given to bank for safekeeping
A type of loan from the bank
A fee charged by the bank
A withdrawal from an account
Expense
Money spent
Income earned
Savings accumulated
Debt incurred
Loan
Borrowed money that must be paid back
Money given as a gift
Money that is earned through work
Money that is invested in stocks
Credit Card
A card that allows you to make purchases without paying immediately.
A card that loans you the money to buy things. It charges you interest if not paid off each month.
A card that provides cash back on all purchases.
A card that is only used for online shopping.
