BANZAI: Banking Vocab Quiz

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Across
  1. 2. A number between 300 and 850 that's compiled by considering someone's borrowing history and represents their creditworthiness to potential lenders.
  2. 4. A card that allows you to pay for things with money from a checking account.
  3. 8. Payouts of profits based on profit to an investor.
  4. 10. A benefit of or reason for doing something. (Ex: Interest gives people an incentive to save, because they'll end up earning more money.)
  5. 11. To pull money out of an account at a financial institution.
  6. 12. An official form that tells a financial institution to give a certain amount of money from someone's account to someone else.
  7. 13. When a check is returned because there aren't enough funds to cover the transaction. (It could take days or weeks for the check to be returned; when it is, the account holder is charged a non-sufficient funds (NSF) fee.)
  8. 14. Money put into an account at a financial institution.
  9. 17. A percentage rate that shows how much interest someone would earn after a full year.
  10. 18. The money originally deposited into an account or borrowed on a loan.
  11. 19. A kind of savings account that earns a higher interest rate than a traditional savings account.
Down
  1. 1. the interest you earned previously gets added to the amount deposited and also earns interest.
  2. 3. Federal Deposit Insurance Corporation: An agency in the federal government that insures deposits in banks and examines their safety for customers.
  3. 4. a form where you list your name, account number, and the amount of money you're depositing.
  4. 5. a document businesses use to track the money they owe and the money they've made.
  5. 6. A number that shows the difference between what a business has earned vs what it owes.
  6. 7. Solvency is a measure of a business's ability to meet financial obligations and pay back debt. (Ex: A financial institution is solvent if they have enough money to cover all customer accounts.)
  7. 9. the initial amount deposited or borrowed earns interest.
  8. 15. A fee charged when there isn't enough money in an account to cover an expense. (Purchases up to a certain limit may still go through, with the additional fee for each transaction.)
  9. 16. An amount of money that gets added to the principal, shown as a percentage. Interest can be earned or owed.