Chapter 4 Test

A place to deposit money for safekeeping and to earn interest.

• Bank

• Supermarket

• Library

• Gym

Tags

CCSS.7.RP.A.3

The act of putting money in a bank.

• Deposit

• Withdraw

• Spending

• Lending

Tags

CCSS.1.OA.A.1

When you have written checks for more than you have in your checking account.

• Overdraft

• Sufficient funds

• Balanced account

• Credit surplus

Tags

CCSS.6.NS.C.5

Summarizes your bank account activity.

• Bank statement

• Credit card bill

• Loan agreement

• Mortgage document

Tags

CCSS.6.NS.C.7C

Current amount of money in your bank account.

• $0

• overdrawn

• debt

• balance

Tags

CCSS.6.NS.C.5

Authorizes the transfer of money to another person or entity.

• Bank Statement

• Authorization Letter

• Transfer Receipt

• Check

Tags

CCSS.5.OA.A.1

CCSS.5.OA.A.2

A bank account that pays interest.

• Savings account

• Checking account

• Fixed deposit account

• Current account

Tags

CCSS.7.RP.A.2C

Verify that you and your bank agree on your balance.

• reconcile

• Visit your bank branch.

• Call your bank's customer service.

• Ignore the balance and assume it's correct.

Tags

CCSS.7.NS.A.3

Transfer money without using cash or checks.

• electronic funds transfer

• Send a money order

• Pay with a credit card

• Exchange foreign currency

Tags

CCSS.6.NS.B.3

Fee charged by a lender to a borrower for the use of money.

• Interest

• Principal

• Dividend

• Capital

Tags

CCSS.7.RP.A.3