Banking Vocabulary

Banking Vocabulary

7th Grade

15 Qs

quiz-placeholder

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Banking Vocabulary

Banking Vocabulary

Assessment

Quiz

Mathematics

7th Grade

Easy

CCSS
RI.5.10, L.1.6, RI.6.4

+7

Standards-aligned

Created by

Jiyeon McGillicuddy

Used 1+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a financial institution licensed to receive deposits and make loans?

Teller

Bank

Joint account

FDIC

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a document used to record your financial transactions?

Checkbook register

Deposit slip

Transfer fee

Savings account

Tags

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What term describes a person employed to deal with customer transactions at a bank?

Lender

Borrower

Teller

Loan officer

Tags

CCSS.L.1.6

CCSS.L.3.6

CCSS.L.4.6

CCSS.L.K.5A

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does it mean to compare your records of the account to the bank’s records of the account?

Withdraw

Reconcile

Deposit

Transfer fee

Tags

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a form that is used to deposit funds into a bank account?

Deposit slip

Checkbook register

Transaction

Minimum deposit

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does it mean to put money into an account?

Withdraw

Deposit

Reconcile

Transfer fee

Tags

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an amount of money that is given to someone for a period of time with a promise that it will be paid back?

Loan

Deposit

Transaction

Minimum deposit

Tags

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

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