5.02 Savings Tools Note Taking Guide

5.02 Savings Tools Note Taking Guide

9th - 12th Grade

15 Qs

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5.02 Savings Tools Note Taking Guide

5.02 Savings Tools Note Taking Guide

Assessment

Quiz

Life Skills

9th - 12th Grade

Practice Problem

Medium

Used 90+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is the most liquid?

Checking Account
Savings Account
Money Market Deposit Account
Certificate of Deposit

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is designed to hold money not spent on current consumption?

Checking Account
Savings Account
Money Market Deposit Account
Certificate of Deposit

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which often has tiered interest rates –the amount of interest earned depends on the account balance?

Checking Account
Savings Account
Money Market Deposit Account
Certificate of Deposit

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which account is used for a fixed period of time and allows restricted access to the funds?

Checking Account

Savings Account

Money Market Deposit Account

Certificate of Deposit

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which account is the least  liquid?

Checking Account
Savings Account
Money Market Deposit Account
Certificate of Deposit

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which account is effective for storing emergency funds?

Checking Account

Savings Account

Money Market Deposit Account

Certificate of Deposit

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which account must be held for a certain length of time (usually a couple of years)?

Checking Account

Savings Account

Money Market Deposit Account

Certificate of Deposit

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