Vocabulary
Fill in Blank
Credit
MORE CREDIT & Checking
Savings
100
This is a machine that allows bank customers to deposit or withdraw money without visiting their bank.
What is an ATM?
100
________ are a convenient way to pay because you don't have to carry cash or take time to write a check.
What is a debit card?
100

This card is used to make purchases easily and conveniently (other than a debit card)?

What is a credit card.

100

This account is one people open at a bank to deposit and access their money.

What is a checking account?

100

This account is typically used to put money into and not take out as often.

What is a savings account?

200
This is the current amount of money in an account.
What is a balance?
200
You should never tell someone your _______ number.
What is PIN?
200

This is the payment you make on a loan each month.

What is an installment.

200

This is what a paycheck put directly into your checking account is called.

What is direct deposit?

200

This what the bank will charge if someone takes money out of their savings account to many times in a month.

What is a fee?

300

This is something that allows the holder to buy goods and services on loan or through their checking account.

What is a credit card or debit card?

300
When using a credit card, you will be charged ________ if the balance is not paid within 30 days.
What is interest?
300

The fee or rate you are charged on a loan.

What is interest.

300

A person who helps someone who has not established credit get a loan.

Who is a co-signer?

300

True or False. Taking money from your savings account will help you gain more interest and make more money.

What is false?

400

This is what credit card companies call customers that pay their loans in full each month, not allowing the credit company to charge interest and make money.

What is a dead beat?

400
If you spend more money than you have in your account, the bank will charge you a ______.
What is a fee?
400

The length of a loan.

What is the term.

400

This is what increases when you deposit money into your checking account. 

What is the balance?

400

This type of savings account will not allow a person to take any money out for certain amount of time, but has a high interest rate, allowing the customer to accrue more money.

What is CD?

500

This is a financial institution that accepts deposits from the public and makes loans. 

What is a bank?

500
When people write checks and use debit cards, the amount of money in their checking account (the account balance) is __________.
What is reduced.
500

Something you commonly use credit for. 

Answers will vary.

500
This is what you call a check written on insufficient funds.
What is a bounced check?
500

In order to make sure you get your money even if your bank closes, you want to make sure that your bank is this.

What is federally insured?

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