CHOOSE A WORD FROM THE PANEL TO CLASSIFY THE VOCABULARY BELOW:
A. Miscellaneous B. Banking Services C. Account-Related Terms D. Security
E. Loan Terms F. Investment Terms G. Fees and Charges H. Transaction Terms
1. Current Account: A type of checking account for 36. Check: Written order transferring funds.
everyday transactions. 37. Draft: Written order paying money.
2. Savings Account: A type of account for saving 38. Invoice: Bill for goods/services.
money, earning interest. 39. Receipt: Proof of payment.
3. Deposit Account: An account holding deposited 40. Transaction History: Record of account activity.
funds. 41. Minimum Balance: Required account balance.
4. Balance: The amount of money in an account. 42. Overdraft: Insufficient account balance.
5. Statement: A document showing account 43. Credit Score: Rating creditworthiness.
transactions. 44. Debit: Deducting funds.
6. Deposit: Placing money into an account. 45. Credit: Adding funds.
7. Withdrawal: Taking money out of an account. 46. Account Closure: Closing an account.
8. Transfer: Moving funds between accounts. 47. Account Opening: Creating a new account.
9. Payment: Transaction settling a debt or obligation. 48. International Transfer: Cross-border fund
10. Collection: Gathering payments owed. transfer.
11. Loan: Borrowed money, usually with interest. 49. Exchange: Currency conversion.
12. Mortgage: A loan securing property. 50. Currency: Medium of exchange.
13. Interest: Charges for borrowing. 51. Exchange Rate: Currency conversion rate.
14. Installment: Regular loan payments. 52. Social Investment: Investing in social causes.
15. Credit Limit: Maximum borrowing amount. 53. Microfinance: Financial services for
16. Investment: Putting money into assets expecting underserved.
returns. 54. Small Enterprise: Small business.
17. Share/Stock: Ownership in a company. 55. Entrepreneurship: Starting/running a business.
18. Bond: Debt security with fixed returns. 56. Financial Management: Managing finances.
19. Mutual Fund: Diversified investment portfolio. 57. Financial Planning: Long-term financial strategy.
20. Portfolio: Collection of investments. 58. Financial Risk: Potential financial losses.
21. Online Banking: Managing accounts digitally. 59. Financial Insurance: Protecting against financial
22. Mobile Banking: Banking services via mobile losses.
devices. 60. Financial Education: Learning personal finance
23. Customer Service: Assistance for banking management.
issues.
24. ATM (Automated Teller Machine): Self-service
banking kiosk.
25. Bank Branch: Physical banking location.
26. Interest Rate: Percentage charged on loans.
27. Service Fee: Charges for banking services.
28. Commission: Fees for transactions.
29. Penalty: Charges for non-compliance.
30. Overdraft Fee: Charges for insufficient funds. ANSWER KEY
31. Password: Confidential account access code. Account-Related Terms
32. PIN (Personal Identification Number): Secure 1. Current Account: A type of checking account for
account access code. everyday transactions.
33. Authentication: Verifying user identity. 2. Savings Account: A type of account for saving
34. Encryption: Securing data transmission. money, earning interest.
35. Cyber security: Protecting digital banking 3. Deposit Account: An account holding deposited
systems. funds.
4. Balance: The amount of money in an account. 32. PIN (Personal Identification Number): Secure
5. Statement: A document showing account account access code.
transactions. 33. Authentication: Verifying user identity.
34. Encryption: Securing data transmission.
Transaction Terms 35. Cybersecurity: Protecting digital banking
6. Deposit: Placing money into an account. systems.
7. Withdrawal: Taking money out of an account.
8. Transfer: Moving funds between accounts. Miscellaneous
9. Payment: Transaction settling a debt or obligation. 36. Check: Written order transferring funds.
10. Collection: Gathering payments owed. 37. Draft: Written order paying money.
38. Invoice: Bill for goods/services.
Loan Terms 39. Receipt: Proof of payment.
11. Loan: Borrowed money, usually with interest. 40. Transaction History: Record of account activity.
12. Mortgage: A loan securing property. 41. Minimum Balance: Required account balance.
13. Interest: Charges for borrowing. 42. Overdraft: Insufficient account balance.
14. Installment: Regular loan payments. 43. Credit Score: Rating creditworthiness.
15. Credit Limit: Maximum borrowing amount. 44. Debit: Deducting funds.
45. Credit: Adding funds.
Investment Terms 46. Account Closure: Closing an account.
16. Investment: Putting money into assets expecting 47. Account Opening: Creating a new account.
returns. 48. International Transfer: Cross-border fund
17. Share/Stock: Ownership in a company. transfer.
18. Bond: Debt security with fixed returns. 49. Exchange: Currency conversion.
19. Mutual Fund: Diversified investment portfolio. 50. Currency: Medium of exchange.
20. Portfolio: Collection of investments. 51. Exchange Rate: Currency conversion rate.
52. Social Investment: Investing in social causes.
Banking Services 53. Microfinance: Financial services for
21. Online Banking: Managing accounts digitally. underserved.
22. Mobile Banking: Banking services via mobile 54. Small Enterprise: Small business.
devices. 55. Entrepreneurship: Starting/running a business.
23. Customer Service: Assistance for banking 56. Financial Management: Managing finances.
issues. 57. Financial Planning: Long-term financial strategy.
24. ATM (Automated Teller Machine): Self-service 58. Financial Risk: Potential financial losses.
banking kiosk. 59. Financial Insurance: Protecting against financial
25. Bank Branch: Physical banking location. losses.
60. Financial Education: Learning personal finance
Fees and Charges management.
26. Interest Rate: Percentage charged on loans.
27. Service Fee: Charges for banking services.
28. Commission: Fees for transactions.
29. Penalty: Charges for non-compliance.
30. Overdraft Fee: Charges for insufficient funds.
Security
31. Password: Confidential account access code.
