Banking Vocabulary

Banking Vocabulary

5th - 7th Grade

12 Qs

quiz-placeholder

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Banking Vocabulary

Banking Vocabulary

Assessment

Quiz

Life Skills

5th - 7th Grade

Easy

Created by

Patricia Sherve

Used 9+ times

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12 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A bank is ..

a school

a store

an institution

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An expense that can go up or down in price is a

variable expense

fixed expense

income

ATM

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Making a _______ helps to stay on track to afford/pay for all your expenses.

income

direct

budget

withdrawal

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A comic book, a car, a new tv or a new gaming device are all considered....

fixed income

discretionary expenses

ATM

debit

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A minimum balance is...

the most you can keep in your bank account.

a loan

a fee

the least amount of money needed to keep in your account before you are charged fees.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A bank account is....

only for adults.

for your dog.

a place to keep your money safe.

an unsafe place to put your money.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When you take money out of your account, it is called a....

loan

fee

withdrawal

investment

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