Banking Glossary Quiz

Question 1

Term for: "Printed form that is filled out & used instead of money. Tells bank to pay a person"

Accepted Answer

Cheque

Question 2

Term for: "Shortage in bank account caused by drawing more money than the account holds."?

Accepted Answer

Overdraft

Question 3

Term for: "printed record of money put into/taken out of your bank account"?

Accepted Answer

Statement

Question 4

Term for" "Paying for something by card and use a 'Personal Identification Number' to verify"?

Accepted Answer

Chip and PIN

Question 5

Term for "a plastic card that is used to pay for things with your OWN money"?

Accepted Answer

Debit Card

Question 6

Term for: "plastic card issued by a bank that allows you to borrow money + pay back later?"

Accepted Answer

Credit Card

Question 7

With regards to financial literacy what does 'ATM' stand for?

Accepted Answer

Automated Teller Machine

Question 8

Term for: "a way of paying a company automatically through the bank usually at the same time"?

Accepted Answer

Direct Debit

Question 9

"Money earned by keeping money in bank OR money bank earns through charging for borrowing?" is

Accepted Answer

Interest

Question 10

Term for: "Money earned from investments and employment"

Accepted Answer

Income

Questions 10