Banking Vocabulary Check In
Authored by DELLA WALLEY
Life Skills
6th - 8th Grade
Used 1+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Occurring every year
Annual
Yearly
Weekly
None of the Above
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money taken out of your account
Debit
Credit
Interest
Principal
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A financial institution that lends money to its members; similar to a bank but members can borrow money at lower rates of interest
Broker
Hedge Fund
Money Market Account
Credit Union
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Interest paid on the principal alone; not on any accrued interest
Simple Interest
Compound Interest
Single Interest
Interest
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An amount of money put in a bank on which interest is paid
Deposit
Money Market Account
Principal
Balance
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An amount of money in a bank account
Principal
Interest
Budget
Balance
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money that is paid for borrowing someone else's money
Interest
Compound Interest
Simple Interest
Deposit
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