Banking and Finance Test Modified
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Money | something generally accepted as a medium of exchange, a measure of value or a means of payments
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| Currencies | system of money in general use in a country
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| Cash | form of legal tender which can be used to exchange goods, debt or services
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| Debit Card | payment card which provides the cardholder electronic access to their bank account
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| Credit Card | payment card issued by a bank to cardholders as a method of payment
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| Personal Check | slip of paper which allows the user to make a payment from his or her bank account to a business or individual
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| FDIC | created to insure bank deposits after the major monetary losses that helped begin the Great Depression
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| Interest | the amount of money paid by a customer to a financial institution for borrowing money through a loan, credit card, etc.
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| Required Minimum Balance | least amount required to be kept on deposit in a bank account
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| Credit Score | represents creditworthiness in a person, which is the likelihood he/she will pay debts in a timely manner
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| Installments | buyer gains use of the commodity immediately and pays for it in periodic payments
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| Lump Sum | single sum of money which serves as complete payment
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| Application Fee | money paid to the bank or mortgage company to cover expenses of processing a loan application
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| Credit Check | when a potential lender buys a copy of one’s credit history to determine whether or not he/she is someone with the ability and character to repay a debt
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| Net Worth | total assets minus liabilities or debt
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| Service Fees | you usually do not have to pay these if you have the advantage of a checking and savings account at the same bank
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| Term | known as the length of time you have to pay the loan back in full to the lender
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| ATM | Used to withdraw cash from a checking account.
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| Balance | An amount available or owed on an account.
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| Check | An order to pay another person an amount of money from your account.
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| Debt | The amount you owe on a loan.
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| Deposit | Money placed into an account.
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| Expense | Anything you spend money on.
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| Income | Money earned through work.
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| Overdraft | Credit extended from a financial institution when an account has insufficient funds. Usually results in a fee.
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| Ethics | set of standards of conduct that guide decisions and actions based on duties derived from core values
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| Who is responsible for restoring your credit when you identity is stolen? | yourself
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| What is stealing of a person’s financial information, such as credit cards and Social Security number, with the intent to make purchases under the person’s identity? | Identity Theft
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| What is strong, usually irresistible impulse to perform an act against a person’s usual behavior? | Compulsive Behavior
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| What is the sudden, involuntary inclination prompting one to take an action which is not well thought-out? | Impulse
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To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
Mr.Johnston
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