Wise PreTest Mr. Phillips
Authored by Todd Phillips
Other
12th Grade
CCSS covered
Used 47+ times
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60 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a card issued by a financial institution, that allows you to withdraw money from your accounts or pay for purchases by deducting funds directly from your accounts?
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A nonprofit financial institution that is owned by its members and organized for their benefit
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A savings alternative in which money is left on deposit for a stated period of time to earn a specific rate of return.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A savings account in which the interest rate varies as market rates change
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A certificate of deposit is a savings account in which the interest rate varies as market rates change.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The process in which interest is earned on both the principal and any previously earned interest
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Amount of interest that a financial institution would pay on a $100 deposit, after compounding, for one year
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