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 Machine, another name for Bank Machine
B) Automatic Teller Mechanism
C) Any Time Money Machine
D) Automated Teller Money
  • 2. bank balance
A) your cheque book
B) the amount of money in a bank account.
C) money you wish you had
D) carrying your bank card on your head without dropping it.
  • 3. bank charges
A) money the bank owes you
B) Balance of your account
C) A board game
D) sums of money paid by a customer for a bank's services.
  • 4. bank statement
A) A request you make of the bank
B) A policy a bank makes
C) The bank's distinct decor that identifies it from other banks. example RBC has royal blue colours.
D) a printed record of the money put into and removed from a bank account. This can be also found online
  • 5. bounce
A) rubber banking materials
B) to move accounts from bank to bank
C) To move money from account to account
D) when a check cannot be paid or accepted by a bank because of a lack of money in the account:
  • 6. cash
A) (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?
B) the name of a famous country star
C) Short for cashew
D) Found in a "Ring of Fire"
  • 7. chequebook (btw - this IS the proper spelling
A) a book of bills from restaurants. ex. "Bring me the cheque, please"
B) French for book of the checks
C) book of check marks
D) a book of checks / cheques with your name printed on them which is given to you by your bank to make payments with.
  • 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) Something you do to make sure you are correct
C) a bill for food at the restaurant
D) A bank account that is correct.
  • 9. credit
A) a course you pass.
B) an affirmation of good work
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) your reputation
  • 10. credit card
A) another name for a debit card
B) card of promises
C) a mother's day card promising to do chores for a month
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) An account that is used for everyday banking
B) 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!
C) All are correct!
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 record of) money taken out of a bank account.
C) a bank teller's swear word
D) (a record of) money put into a bank account.
  • 13. deposit or pay in
A) money you take out of your bank account
B) total money in your chequing account
C) to put money into a bank account.
D) total money in your savings account
  • 14. direct deposit
A) another term for online banking
B) A type of Bank
C) Money put directly into your account from another person. Ex. pay cheques that are put directly into your account from your employer
D) A type of bank account
  • 15. expense
A) 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.
B) To make bigger
C) a large area
D) A fun time
  • 16. insurance
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) an agreement in which you pay a company money and they pay your costs if you have an accident, injury, etc:
C) an agreement in which you pay a company money and they pay your costs if you have an accident, injury, etc:
D) when you spend or use money.
  • 17. interest
A) when you spend or use money.
B) 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.
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) an agreement in which you pay a company money and they pay your costs if you have an accident, injury, etc:
  • 18. loan
A) money which is charged by a bank or other financial organization for borrowing money.
B) 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.
C) an agreement in which you pay a company money and they pay your costs if you have an accident, injury, etc:
D) money that you earn from keeping your money in an account in a bank or other financial organization.
  • 19. NSF
A) nonsense family
B) Non Sufficient Fund - not enough money in the bank to cover the amount of money you wrote written on a cheque that is deposited.
C) National Science Foundation
D) no sunny Fridays
  • 20. overdraft
A) Too many people chosen for a football team
B) The act of overdrawing a bank account.
C) Too much air in the fireplace
D) Too many people ordered to join the army
  • 21. payee
A) French for "pay"
B) Another word for employer
C) a person who money is paid to or should be paid to.
D) A person who pays someone
  • 22. A Savings Account
A) Your sock drawer
B) a bank account in which you usually leave money for a long time and which pays you interest.
C) Non Sufficient Fund
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.
  • 23. income tax
A) GST
B) HST
C) PST
D) (an amount of) money paid to the government, which is based on your income
  • 24. Sales tax on goods and services
A) A monopoly chance card
B) We don't have this in Canada
C) Income Tax
D) HST;GST;PST
  • 25. Harmonized Sales Tax
A) Income Tax
B) PST
C) HST
D) GST
  • 26. Goods and Services Tax
A) GST
B) Income Tax
C) HST
D) PST
  • 27. Provincial Sales Tax
A) PST
B) Income Tax
C) GST
D) HST
  • 28. What does NS have?
A) HST
B) GST
C) No tax
D) PST
  • 29. withdraw
A) To leave a bank
B) To put your money in a sock drawer
C) to take money out of a bank account.
D) To put money into your account
  • 30. currency
A) a dish of meat, vegetables, etc., cooked in an Indian-style sauce of strong spices and typically served with rice.
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) 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.
D) A type of horse comb
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