Banking Vocabulary

Banking Vocabulary

Assessment

Passage

Created by

Lindsay Johnson

Mathematics

12th Grade

Hard

47 questions

Show all answers

1.

MULTIPLE CHOICE

30 sec • 1 pt

What is an agreement with a bank in which they keep money and provide financial services for you?

2.

MULTIPLE CHOICE

30 sec • 1 pt

What identifies your account and is required for direct deposit or other EFT transactions?

3.

MULTIPLE CHOICE

30 sec • 1 pt

What is the total amount of money in a banking account at any given time?

4.

MULTIPLE CHOICE

30 sec • 1 pt

What is a for-profit institution that offers personal loans, mortgages, and other services?

5.

MULTIPLE CHOICE

30 sec • 1 pt

What is an app for smartphones that enables the account owner to manage the account, make transactions, and pay bills securely?

6.

MULTIPLE CHOICE

30 sec • 1 pt

Who is the person who receives your bank account if you die?

7.

MULTIPLE CHOICE

30 sec • 1 pt

What happens to a check when it is written for more than is currently in the account and the bank refuses to cash it?

8.

MULTIPLE CHOICE

30 sec • 1 pt

What is one of the offices where a bank or credit union does business?

9.

MULTIPLE CHOICE

30 sec • 1 pt

What is a certificate of deposit stating money has been deposited for a specific time for a specific interest rate?

10.

MULTIPLE CHOICE

30 sec • 1 pt

What is a nonprofit service cooperative that accepts deposits, makes loans, and provides other financial services?

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