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Vocabulary: Banking and Money
Contributed by: Martin-Hawkes
  • 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) Automated Teller Money
C) Automatic Teller Mechanism
D) Any Time Money Machine
  • 2. bank balance
A) your cheque book
B) money you wish you had
C) carrying your bank card on your head without dropping it.
D) the amount of money in a bank account.
  • 3. bank charges
A) Balance of your account
B) sums of money paid by a customer for a bank's services.
C) A board game
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) rubber banking materials
C) to move accounts from bank to bank
D) To move money from account to 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) Short for cashew
C) Found in a "Ring of Fire"
D) the name of a famous country star
  • 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) French for book of the checks
D) a book of bills from restaurants. ex. "Bring me the cheque, please"
  • 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) Something you do to make sure you are correct
B) A bank account that is correct.
C) a printed form, used instead of money, to make payments from your bank account:
D) a bill for food at the restaurant
  • 9. credit
A) your reputation
B) 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.
C) a course you pass.
D) an affirmation of good work
  • 10. credit card
A) a mother's day card promising to do chores for a month
B) card of promises
C) a small plastic card which can be used as a method of payment, the money being taken from you at a later time.
D) another name for a debit card
  • 11. Chequing Account
A) An account that is used for everyday banking
B) a bank account that you can take money from at any time and which usually earns little or no interest.
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) All are correct!
  • 12. debit
A) (a record of) money taken out of a bank account.
B) a mysterious word.
C) a bank teller's swear word
D) (a record of) money put into a bank account.
  • 13. deposit or pay in
A) to put money into a bank account.
B) total money in your chequing account
C) money you take out of your bank account
D) total money in your savings account
  • 14. direct deposit
A) A type of Bank
B) Money put directly into your account from another person. Ex. pay cheques that are put directly into your account from your employer
C) A type of bank account
D) another term for online banking
  • 15. expense
A) a large area
B) To make bigger
C) 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.
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) 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) when you spend or use money.
D) an agreement in which you pay a company money and they pay your costs if you have an accident, injury, etc:
  • 17. interest
A) when you spend or use money.
B) 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
C) an agreement in which you pay a company money and they pay your costs if you have an accident, injury, etc:
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) money which is charged by a bank or other financial organization for borrowing money.
C) an agreement in which you pay a company money and they pay your costs if you have an accident, injury, etc:
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. She's trying to get a $100 000 loan to start her own business.
  • 19. NSF
A) National Science Foundation
B) nonsense family
C) no sunny Fridays
D) Non Sufficient Fund - not enough money in the bank to cover the amount of money you wrote written on a cheque that is deposited.
  • 20. overdraft
A) Too many people chosen for a football team
B) Too many people ordered to join the army
C) Too much air in the fireplace
D) The act of overdrawing a bank account.
  • 21. payee
A) French for "pay"
B) A person who pays someone
C) a person who money is paid to or should be paid to.
D) Another word for employer
  • 22. A Savings Account
A) Non Sufficient Fund
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) a bank account in which you usually leave money for a long time and which pays you interest.
D) Your sock drawer
  • 23. income tax
A) PST
B) GST
C) (an amount of) money paid to the government, which is based on your income
D) HST
  • 24. Sales tax on goods and services
A) A monopoly chance card
B) Income Tax
C) HST;GST;PST
D) We don't have this in Canada
  • 25. Harmonized Sales Tax
A) Income Tax
B) PST
C) GST
D) HST
  • 26. Goods and Services Tax
A) HST
B) Income Tax
C) PST
D) GST
  • 27. Provincial Sales Tax
A) GST
B) HST
C) PST
D) Income Tax
  • 28. What does NS have?
A) HST
B) PST
C) GST
D) No tax
  • 29. withdraw
A) To leave a bank
B) To put money into your account
C) To put your money in a sock drawer
D) to take money out of a bank account.
  • 30. currency
A) the fact or quality of being generally accepted or in use. "the term gained currency during the second half of the 20th century"
B) A type of horse comb
C) a dish of meat, vegetables, etc., cooked in an Indian-style sauce of strong spices and typically served with rice.
D) 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.
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