Banking Terminology
Quiz by Scott Fairfield
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14 questions
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- Q1checking accounta bank account from which a depositor can withdraw money using a check or a debit car30s
- Q2depositmoney put in a bank account30s
- Q3checka written order directing a bank to pay a certain amount of money from the account of the person who signs it to the person named30s
- Q4minimumthe lowest amount of a depositor can keep in an account without being charged an additional fee30s
- Q5interestmoney that a bank pays for you keeping your money in that bank30s
- Q6ATMan automatic teller machine; a machine that allows you to take money out or put money into your bank account using a special card30s
- Q7signature carda card you sign when you open a bank account30s
- Q8deposit slipa form you fill out that shows how much money you are putting in the bank30s
- Q9receipta form that the bank gives you that shows how much money you put in or took out of your bank account30s
- Q10check registera small chart where you record the checks you write and the deposits you make30s
- Q11balancethe amount of money in a bank account30s
- Q12savings accounta bank account on which interest is paid and from which a depositor can withdraw money30s
- Q13withdrawal slipa form used to take money out of the bank30s
- Q14bank statementa report that the bank sends you to show you how much money is in your accounts30s