Game Preview

Banking 101

  •  English    10     Public
    This game helps players develop real-world banking knowledge while engaging in an interactive learning experience.
  •   Study   Slideshow
  • What is a bank account?
    A bank account is an arrangement with a bank that allows you to keep your money in the bank and to take some out when you need it.
  •  15
  • What is a chequing account?
    Chequing accounts are meant for daily use. To pay for your monthly expenses, to receive deposits from your employer, your friends.
  •  15
  • What is a savings account?
    A savings account is used to save money and they generate interest.
  •  15
  • What are the bank plans that BMO offers?
    Premium, Performance, Air Miles, Plus, Practical
  •  20
  • What is a debit card?
    A debit card is a payment card that deducts money directly from a consumer's chequing account when it is used.
  •  20
  • What is a cheque?
    It is a written order between two parties (person or organization)
  •  20
  • What is the difference between payee and payor?
    Payee is the person/ organization who receives the payment. | Payor: The person making the payment
  •  25
  • What is an overdraft?
    A deficit in a bank account caused by drawing more money than the account holds.
  •  25
  • What is a credit score?
    A credit score is designed to represent your credit risk, or the likelihood you will pay on time.
  •  25
  • What is the difference between a line of credit and a credit card?
    All credit cards are lines of credit, but not all lines of credit are credit cards.
  •  25