Banking Acronyms: Essential Glossary Quiz

Question 1

What does FDIC stand for in the US?

A Foreign Deposit Interest Council

B Federal Debt Investment Center

C Federal Deposit Insurance Corporation

D Finance Department Insurance Commission

Question 2

What does NSF stand for on a bank statement?

A Net Salary Figure

B New Savings Facility

C No Service Fee

D Non-Sufficient Funds

Question 3

What does overdraft imply?

A Transferring money

B Spending more than you have

C Saving more than you have

D Closing an account

Question 4

What does CVV stand for on a credit card?

A Card Value Verification

B Card Verification Value

C Credit Validation Voucher

D Cash Verification Visa

Question 5

What does SWIFT stand for in international transfers?

A Society for Worldwide Interbank Financial Telecommunication

B Society for Wireless International Financial Trade

C System for Worldwide Interbank Finance Transaction

D Secure Worldwide International Financial Transfer

Questions