
Understanding Banking and Savings Concepts
Flashcard
•
Financial Education
•
11th Grade
•
Hard
Wayground Content
FREE Resource
Student preview

40 questions
Show all answers
1.
FLASHCARD QUESTION
Front
To avoid frequent trips to the bank, many people use a(n) ______ to withdraw cash or check their account ______.
Back
ATM / Balance
2.
FLASHCARD QUESTION
Front
A(n) ______ shows all the transactions in your account and is typically sent once a month.
Back
Bank Statement
3.
FLASHCARD QUESTION
Front
Your savings grow by earning ______, which is paid out as a percentage of your savings balance.
Back
Compound Interest
4.
FLASHCARD QUESTION
Front
A(n) ______ is linked directly to your checking account and can be used to withdraw money or make purchases.
Back
Debit Card
5.
FLASHCARD QUESTION
Front
Many employers offer ______, which electronically transfers your paycheck directly into your bank account.
Back
Direct Deposit
6.
FLASHCARD QUESTION
Front
______ protects your deposits in the bank up to $250,000 in case the bank fails.
Back
FDIC Insurance
7.
FLASHCARD QUESTION
Front
Some banks charge a(n) ______ each month just to keep your checking or savings account open.
Back
Maintenance Fee
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?