Banking Vocabulary

Which of the following is a thing that is borrowed, especially a sum of money that is expected to be paid back with interest.

• loan

• credit

• withdrawl

• overdraft

Which of the following an agreement between a lender and a borrower that allows the borrower to buy goods or services now and pay for them later?

• Credit Score

• Interest

• Withdrawal

• Credit

Which of the following is a prediction of how likely you are to pay a loan back on time based on information from your credit reports.

• ATM

• interest

• credit score

• debit

Which of the following is an act of taking money out of an account?

• deposit

• withdrawal

• credit score

• overdraft

Which of the following is a sum of money placed or kept in a bank account?

• withdrawal

• interest

• credit

• deposit

Which of the following is an electronic banking outlet that allows customers to complete basic transactions without the aid of a branch representative or teller?

• Deposit

• Withdrawal

• ATM

• Interest

Which of the following is a bank or credit union account that allows you to save money and earn interest on it. Savings accounts are a good way to store money you don't plan to spend right away, such as for an emergency fund, vacation, or other short-term goals?

• Checking Account

• Overdraft

• Savings Account

• Personal Account

Which of the following is a bank account that allows you to deposit, withdraw, and transfer money for everyday use?

• ATM

• Savings Account

• Checking Account

• Withdrawal

Which of the following is a written plan that helps you manage your money by tracking your income and expenses over a period of time?

• Deposit

• Withdrawal

• Interest

• Budget

Which of the following a payment card that is linked to a checking account and allows you to spend money directly from it?

• Credit Card

• Gift Card

• Debit Card

• Master Card