Banking Vocabulary

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

• Teller

• Bank

• Joint account

• FDIC

What is a document used to record your financial transactions?

• Checkbook register

• Deposit slip

• Transfer fee

• Savings account

Tags

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.5.10

CCSS.RI.4.10

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

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.6.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.5.10

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

• Deposit slip

• Checkbook register

• Transaction

• Minimum deposit

Tags

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.5.10

CCSS.RI.4.10

What does it mean to put money into an account?

• Withdraw

• Deposit

• Reconcile

• Transfer fee

Tags

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

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.6.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.5.10

What is an interest-bearing deposit account?

• Checking account

• Savings account

• Joint account

• FDIC

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

What is shared by two people who are equally responsible?

• Joint account

• Checking account

• Loan

• Deposit slip

What is an account that allows withdrawals and deposits?

• Checking account

• Savings account

• Joint account

• FDIC