Banking Vocabulary Test
Quiz
•
English
•
University
•
Easy
+6
Standards-aligned
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28 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does it mean to 'withdraw money'?
To put money into a bank account
To take out cash from a bank account
To borrow money from the bank
Tags
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
CCSS.RI.9-10.4
CCSS.RI.9-10.4
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a 'money transfer'?
Sending money from one bank account to another
Taking out a loan from the bank
Depositing a check into an account
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is involved in 'opening an account'?
Setting up a new bank account
Depositing money into an existing account
Applying for a loan
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens when you 'close an account'?
You stop using online banking
You permanently shut down a bank account
You withdraw all your money from the ATM
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of account allows you to withdraw money without notice?
Checking account
Savings account
Mortgage account
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a 'savings account'?
An account used for everyday spending
A bank account that earns interest on saved money
An account with no transaction limits
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is 'interest' in a savings account?
The amount of money you need to pay back
The amount of money you earn by keeping your savings in a bank
The monthly fee charged for account maintenance
Tags
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
CCSS.RI.9-10.4
CCSS.RI.9-10.4
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