
Withdrawal & Deposit
Flashcard
•
Mathematics
•
4th - 8th Grade
•
Practice Problem
•
Hard
Wayground Content
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15 questions
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1.
FLASHCARD QUESTION
Front
What is a withdrawal in banking terms?
Back
A withdrawal is a transaction that removes funds from a bank account, resulting in a decrease in the account balance.
2.
FLASHCARD QUESTION
Front
What is a deposit in banking terms?
Back
A deposit is a transaction that adds funds to a bank account, resulting in an increase in the account balance.
3.
FLASHCARD QUESTION
Front
What happens to your bank account balance when you make a withdrawal?
Back
The bank account balance decreases by the amount withdrawn.
4.
FLASHCARD QUESTION
Front
What happens to your bank account balance when you make a deposit?
Back
The bank account balance increases by the amount deposited.
5.
FLASHCARD QUESTION
Front
Give an example of a withdrawal.
Back
An example of a withdrawal is when a person buys a product, such as shoes, using money from their bank account.
6.
FLASHCARD QUESTION
Front
Give an example of a deposit.
Back
An example of a deposit is when a person receives birthday money and puts it into their bank account.
7.
FLASHCARD QUESTION
Front
What is the impact of a withdrawal on personal savings?
Back
Withdrawals reduce the amount of savings available in a bank account.
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