Vocabulary: Banking and Money
  • 1. ATM: a machine, usually in a wall outside a bank, from which you can take money out of your bank account using a special card.
A) Automated Teller Money
B) Any Time Money Machine
C) Automatic Teller Mechanism
D) Automated Teller Machine, another name for Bank Machine
  • 2. bank balance
A) the amount of money in a bank account.
B) money you wish you had
C) carrying your bank card on your head without dropping it.
D) your cheque book
  • 3. bank charges
A) A board game
B) Balance of your account
C) sums of money paid by a customer for a bank's services.
D) money the bank owes you
  • 4. bank statement
A) a printed record of the money put into and removed from a bank account. This can be also found online
B) A request you make of the bank
C) A policy a bank makes
D) The bank's distinct decor that identifies it from other banks. example RBC has royal blue colours.
  • 5. bounce
A) when a check cannot be paid or accepted by a bank because of a lack of money in the account:
B) to move accounts from bank to bank
C) To move money from account to account
D) rubber banking materials
  • 6. cash
A) Short for cashew
B) (noun) money in the form of notes and coins, rather than checks or credit cards: Do you have any cash on you?(verb) to exchange a check for cash: Would you cash a check for me?
C) the name of a famous country star
D) Found in a "Ring of Fire"
  • 7. chequebook (btw - this IS the proper spelling
A) a book of checks / cheques with your name printed on them which is given to you by your bank to make payments with.
B) book of check marks
C) a book of bills from restaurants. ex. "Bring me the cheque, please"
D) French for book of the checks
  • 8. cheque (English spelling) Check (American Spelling) However, as the Queen says, "There is no such thing as American spelling. There is English and there are mistakes!"
A) a printed form, used instead of money, to make payments from your bank account:
B) A bank account that is correct.
C) a bill for food at the restaurant
D) Something you do to make sure you are correct
  • 9. credit
A) a course you pass.
B) your reputation
C) money in your bank account OR a method of paying for goods or services at a later time, usually paying interest as well as the original money.
D) an affirmation of good work
  • 10. credit card
A) another name for a debit card
B) a mother's day card promising to do chores for a month
C) card of promises
D) a small plastic card which can be used as a method of payment, the money being taken from you at a later time.
  • 11. Chequing Account
A) All are correct!
B) An account that is used for everyday banking
C) Banks offer different incentives for their chequing accounts, so it is a good idea to shop around for the one that fits your lifestyle the best!
D) a bank account that you can take money from at any time and which usually earns little or no interest.
  • 12. debit
A) a mysterious word.
B) a bank teller's swear word
C) (a record of) money put into a bank account.
D) (a record of) money taken out of a bank account.
  • 13. deposit or pay in
A) money you take out of your bank account
B) total money in your savings account
C) to put money into a bank account.
D) total money in your chequing account
  • 14. direct deposit
A) A type of Bank
B) A type of bank account
C) Money put directly into your account from another person. Ex. pay cheques that are put directly into your account from your employer
D) another term for online banking
  • 15. expense
A) To make bigger
B) when you spend or use money. Ex. Buying a bigger car has proved to be well worth the expense. We've just had a new garage built at great expense.
C) a large area
D) A fun time
  • 16. insurance
A) an agreement in which you pay a company money and they pay your costs if you have an accident, injury, etc:
B) an agreement in which you pay a company money and they pay your costs if you have an accident, injury, etc:
C) when you spend or use money.
D) a sum of money which is borrowed, often from a bank, and has to be paid back, usually together with an additional amount of money that you have to pay as a charge for borrowing.
  • 17. interest
A) an agreement in which you pay a company money and they pay your costs if you have an accident, injury, etc:
B) when you spend or use money.
C) 1. money which is charged by a bank or other financial organization for borrowing money. I got a loan with an interest rate of 10%. 2. money that you earn from keeping your money in an account in a bank or other financial organization. You should put the money in a savings account where it will e
D) a sum of money which is borrowed, often from a bank, and has to be paid back, usually together with an additional amount of money that you have to pay as a charge for borrowing.
  • 18. loan
A) money that you earn from keeping your money in an account in a bank or other financial organization.
B) an agreement in which you pay a company money and they pay your costs if you have an accident, injury, etc:
C) a sum of money which is borrowed, often from a bank, and has to be paid back, usually together with an additional amount of money that you have to pay as a charge for borrowing. She's trying to get a $100 000 loan to start her own business.
D) money which is charged by a bank or other financial organization for borrowing money.
  • 19. NSF
A) no sunny Fridays
B) National Science Foundation
C) Non Sufficient Fund - not enough money in the bank to cover the amount of money you wrote written on a cheque that is deposited.
D) nonsense family
  • 20. overdraft
A) Too much air in the fireplace
B) Too many people ordered to join the army
C) The act of overdrawing a bank account.
D) Too many people chosen for a football team
  • 21. payee
A) Another word for employer
B) French for "pay"
C) a person who money is paid to or should be paid to.
D) A person who pays someone
  • 22. A Savings Account
A) a sum of money which is borrowed, often from a bank, and has to be paid back, usually together with an additional amount of money that you have to pay as a charge for borrowing.
B) Your sock drawer
C) a bank account in which you usually leave money for a long time and which pays you interest.
D) Non Sufficient Fund
  • 23. income tax
A) (an amount of) money paid to the government, which is based on your income
B) HST
C) GST
D) PST
  • 24. Sales tax on goods and services
A) Income Tax
B) A monopoly chance card
C) We don't have this in Canada
D) HST;GST;PST
  • 25. Harmonized Sales Tax
A) PST
B) HST
C) Income Tax
D) GST
  • 26. Goods and Services Tax
A) PST
B) GST
C) Income Tax
D) HST
  • 27. Provincial Sales Tax
A) Income Tax
B) GST
C) HST
D) PST
  • 28. What does NS have?
A) No tax
B) GST
C) HST
D) PST
  • 29. withdraw
A) To leave a bank
B) To put your money in a sock drawer
C) To put money into your account
D) to take money out of a bank account.
  • 30. currency
A) The definition of currency is the money system used in a country, especially paper money. An example of currency is the Canadian dollar, the British Pound or the Euro.
B) the fact or quality of being generally accepted or in use. "the term gained currency during the second half of the 20th century"
C) a dish of meat, vegetables, etc., cooked in an Indian-style sauce of strong spices and typically served with rice.
D) A type of horse comb
Students who took this test also took :

Created with That Quiz — the math test generation site with resources for other subject areas.