Banking Vocabulary
Authored by CHRISTIE CONNATSER
Other
11th Grade
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40 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for the following definition? Automatic Teller Machine. Allows a bank account holder to manage funds by withdrawing or depositing money, viewing balances, and more.
ATM
POS
Cheque Book
Credit Card
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for the following definition? The amount of money in your bank account.
Balance
Interest
Deposit
Withdrawal
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for the following definition? A monthly document from your bank showing all transactions on your account.
Bank Statement
Deposit Slip
Checkbook Register
Loan Agreement
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for the following definition? A bank product that earns interest on a lump-sum deposit left untouched for a fixed period.
Certificate Of Deposit (CD)
Checking Account
Money Market Account
Savings Bond
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for the following definition? A check that has been paid or cleared by the bank and appears on your bank statement.
Canceled Check
Outstanding Check
Postdated Check
Certified Check
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for the following definition? A written, dated, and signed order to the bank to pay a definite sum of money to a payee.
Check
Invoice
Receipt
Voucher
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for the following definition? A portable portfolio that holds your check register, checks, deposit slips, receipts, and other records of ATM/debit card transactions.
Checkbook
Ledger
Wallet
Passbook
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