Banking Vocabulary
Flashcard
•
Life Skills
•
6th - 7th Grade
•
Practice Problem
•
Hard
Wayground Content
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9 questions
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1.
FLASHCARD QUESTION
Front
A bank is...
Back
a business that keeps money for customers and makes loans.
2.
FLASHCARD QUESTION
Front
A sum of money borrowed for a certain amount of time is called a....
Back
loan
3.
FLASHCARD QUESTION
Front
A profit is...
Back
money earned
4.
FLASHCARD QUESTION
Front
Putting money into the bank is called a...
Back
deposit
5.
FLASHCARD QUESTION
Front
Taking money out of an account is called a...
Back
withdrawal
6.
FLASHCARD QUESTION
Front
When you take out a loan, ________ is added on to your total expense. The longer you have your loan, the more of this you will have to pay.
Back
Interest
7.
FLASHCARD QUESTION
Front
A transaction is...
Back
any business done at the bank
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