5.02 Savings Tools Note Taking Guide Quiz

5.02 Savings Tools Note Taking Guide

Quiz

•

Life Skills

•

9th - 12th Grade

•

Medium

Used 90+ times

FREE Resource

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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