Banking terminology

Froggy Jumps

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20 questions about banking concepts

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Juan Sebastian Acosta Daza

Colombia

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Banking terminology


Froggy Jumps Banking terminologyOnline version 20 questions about banking concepts by Juan Sebastian Acosta Daza 1 A "Automated Teller Machine"(ATM) is.... a A machine that allows customers to withdraw cash, make deposits, and more... b A machine where customers can ask questions about credits c A machine where you can buy/charge gas 2 The main objective of "Bank Statement" is... a List all your bad decisions b Give you instructions about how the bank works c lists all of your account activity for a specific period of time 3 The Account Number is... a The unique number assigned to your personal bank account b The number of accounts that you have created c The number of accounts created on Facebook 4 A financial institution is? a free points!!, But be prepared!! 😈😈 b a company that handles financial transactions, such as a bank or a credit union. c free points!!, But be prepared!! 😈😈 5 The "Withdrawal'' is the act of... a The act of checking your balance b The act of saving money in your account. c The act of taking money out of an account. 6 Debit means... a A deduction from your Salary b A deduction from your account, such as a withdrawal or a payment you've made. c A deduction of the credit score 7 Available Balance is... a The amount of money you can spend, including all transactions that have been processed b The amount of money you can spend, no metter what c The amount of money you can immediately withdraw, excluding any pending transactions. 8 Ledger Balance is... a The total amount in your account, including all transactions b The total amount that you pay c The total transactions made in a checking account 9 Credit means... a An addition of funds to your account, such as a deposit. and refer to your ability to borrow money. b whaaat!!??? c A deduction from your account, such as a withdrawal or a payment you've made. 10 a Direct Deposit is... a A deposit made to your Nequi b An electronic transfer of a payment,(like: paycheck or government benefit)without a physical check. c A payment dispute 11 What a Transfer is!? a When you share your energy with Goku b Moving funds from one account to another, which can be between your own accounts or to someone else c Moving information to a new device 12 Deposit is... a The act of trust in someone lese b Where lost items are saved c The act of adding money to a bank account. It can also refer to the money itself. 13 A Statement works for... a A monthly summary of all the calls that the customer had. b A monthly summary of all the transactions that have occurred in your account. c A summary of your options at the bank 14 Overdraft happes when: a You withdraw more money than is available, resulting in a negative balance. may incur overdraft fees b You withdraw less money than is available c You drive too much 15 Check is... a A written order that allows you to borrow over 500.000 dollars b A written order to a bank to pay a specific amount of money from your account to the person. c A written order to give authorization for customer information 16 Overdraft Protection happens when... a Automatically transfers from your other banks accounts to cover a transaction. b automatically transfers from a linked account to cover a transaction that would cause an overdraft c automatically transfers from a friend account to cover your withdrawal 17 Credit Score is... a Rating that indicates a person's creditworthiness. b Rating that indicates a person's ICFES score c Rating that indicates a person's interest rates on loans will be higher 18 Mortgage is... a A specific type of loan used to finance the purchase of a vehicle b A specific type of loan used to finance the purchase of a house c A specific type of loan used to finance the purchase of a phone 19 Annual Percentage Rate (APR) a The percentage charged on a loan or earned on a deposit. b The original amount of money borrowed in a loan, not including interest. c The total yearly cost of a loan or credit, expressed as a percentage. Includes the interest rate 20 We use the word 'Principal' to talk about... a The original amount of money borrowed in a loan, not including interest. b The unique name assigned to your personal bank account. c The highest authority in the school.

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Banking terminology

Froggy Jumps

About this activity

Created by

Download the paper version to play

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Banking terminologyOnline version

by Juan Sebastian Acosta Daza

A "Automated Teller Machine"(ATM) is....

The main objective of "Bank Statement" is...

The Account Number is...

A financial institution is?

The "Withdrawal'' is the act of...

Debit means...

Available Balance is...

Ledger Balance is...

Credit means...

a Direct Deposit is...

What a Transfer is!?

Deposit is...

A Statement works for...

Overdraft happes when:

Check is...

Overdraft Protection happens when...

Credit Score is...

Mortgage is...

Annual Percentage Rate (APR)

We use the word 'Principal' to talk about...