What is a savings account?
STAAR Grade 3 Mathematics Practice Assessment

Flashcard
•
Mathematics
•
3rd Grade
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
Back
A savings account is a bank account where you can deposit money to save for future expenses. It often earns interest.
2.
FLASHCARD QUESTION
Front
Why is it important to save money?
Back
Saving money helps you plan for large purchases and emergencies.
3.
FLASHCARD QUESTION
Front
What does it mean to pay interest?
Back
Interest is the money you pay to the bank for borrowing money or the money the bank pays you for keeping your money in a savings account.
4.
FLASHCARD QUESTION
Front
How can you represent multiplication visually?
Back
You can use diagrams, such as groups of circles or number lines, to show multiplication.
5.
FLASHCARD QUESTION
Front
What is the equation for multiplication?
Back
Multiplication is represented as a × b = c, where a and b are the numbers being multiplied, and c is the product.
6.
FLASHCARD QUESTION
Front
How do you tell time using hours and minutes?
Back
Time is read using hours (1-12) and minutes (0-59). For example, 1:30 means one hour and thirty minutes.
7.
FLASHCARD QUESTION
Front
What is a fraction?
Back
A fraction represents a part of a whole and is written as a/b, where 'a' is the numerator and 'b' is the denominator.
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