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Banking Vocabulary Quiz

Authored by Denise Fouche

Special Education

9th - 12th Grade

Banking Vocabulary Quiz
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13 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 6 pts

What does ATM stand for?

Automatic Teller Machine
Any Time Money
All Time Machine

2.

MULTIPLE CHOICE QUESTION

30 sec • 6 pts

What is a bank charge?

A fee for popcorn

A fee paid to the bank for services
A fee for opening a savings account

3.

MULTIPLE CHOICE QUESTION

30 sec • 6 pts

What is a bank statement?

A record of your bank balance
A document to apply for a loan
A form to open a new account

4.

MULTIPLE CHOICE QUESTION

30 sec • 6 pts

What does it mean if a check bounces?

It is lost

You do not have enough money in the bank for this tranaction and you will be charged a fee.

It is a special type of check

5.

MULTIPLE CHOICE QUESTION

30 sec • 6 pts

What is a checking account?

An account for saving money

An account for spending on your needs and wants.

An account that earns high interest

6.

MULTIPLE CHOICE QUESTION

30 sec • 6 pts

What is a debit card used for?

To pay for things directly from your bank account
To earn interest
To save money

7.

MULTIPLE CHOICE QUESTION

30 sec • 6 pts

What does 'overdrawn' mean?

Spending more money than you have
Depositing money
Withdrawing cash

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