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Bank Lingo

Authored by Alexandra Chinn

Life Skills

11th - 12th Grade

Used 2+ times

Bank Lingo
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9 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a Bank Statement?

A summary of all transactions and your balance over a period of time

A receipt from a shop

A message from your bank asking for feedback

A bill that must be paid monthly

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does DR mean on a bank statement

Deposit received

Debit - money out

Direct revenue

Daily Rate

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does SO stand for?

Standing Order

Single Outgoing

Statement Overview

Savings Options

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a Direct Debit (DD)?

A one-off payment you set up

A fixed amount payment where you control the amount and date

A regular payment where the company control the amount and date

An ATM withdrawal

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does BAL show on a bank statement

Total amount paid this month

Cost of your last transaction

Current balance

Average Income

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an ATM transaction?

Money paid for an online purchase

A cash withdrawal from a machine

A loan application

A mobile payment

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does POS stand for?

Point of Sale – Card payment at a shop

Payment of Salary

Purchase on Savings

Pay or Save

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