Savings Tools- Personal Finance
Authored by Melody Hanks
Business
9th - 12th Grade
Used 187+ times
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18 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A depository institution account that is designated to hold money not spent on current consumption.
Certificate of Deposit
Checking Account
Money Market Deposit Account
Savings Account
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An account at a depository institution that is used for a fixed period of time and allows restricted access to the funds deposited.
Certificate of Deposit
Checking Account
Money Market Deposit Account
Savings Account
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An account at a depository institution that provides an easy method for withdrawing and depositing money.
Certificate of Deposit
Checking Account
Money Market Deposit Account
Savings Account
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An account at a depository institution that usually has minimum balance requirements and tiered interest rates.
Certificate of Deposit
Checking Account
Money Market Deposit Account
Savings Account
5.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Which two are reasons savings tools ideal for storing emergency savings? (Check all that apply)
Secure
Insecure
Not Liquid
Liquid
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of savings tool is the MOST Liquid?
Savings
Checking
Certificate of Deposit
Money Market Account
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of savings tool typically earns the HIGHEST Interest?
Savings
Checking
Certificate of Deposit
Money Market Account
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