Benefits of Saving

Front

What is one way you can make your money work for you?

Back

Your money can earn interest in savings account.

Front

Tori travels a lot. She needs a financial institution that she can access anytime and anywhere? Which of the following would be the best choice for Tori? Bank, Credit Union, Savings and Loan, Internet Bank

Back

Internet Bank

Front

Which of the following is a private goods and service? Army, Library, Mall, Roads

Back

Mall

Front

Which items from the list represent short-term savings goals for Abe?
1. Retirement
2. A bowling ball
3. A family camping trip in the summer
4. His 7-year-old son’s college tuition
5. His 15-year-old daughter’s college tuition

Back

A bowling ball and a family camping trip in the summer.

Front

What is a benefit of saving money in a bank?

Back

Money in savings accounts earns interest.

Front

Which of the following is an advantage a family gets from setting aside money for unplanned expenses as part of their budget? It forces them to pay less for essentials, such as food and housing., It provides extra money if they decide to take an unplanned vacation., It prevents them from going into debt to pay for unplanned expenses., It prevents them from bankruptcy over a car repair or visit to the vet.

Back

It prevents them from going into debt to pay for unplanned expenses.

Front

A deposit that is electronically transferred from your employer's checking account to your checking account is called a(n) __________________________

Back

direct deposit