Chapter 5 Savings Account Review 1

Chapter 5 Savings Account Review 1

10th - 12th Grade

21 Qs

quiz-placeholder

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Chapter 5 Savings Account Review 1

Chapter 5 Savings Account Review 1

Assessment

Quiz

10th - 12th Grade

Medium

CCSS
3.OA.D.9, 7.RP.A.3, 5.NF.B.5B

+11

Standards-aligned

Created by

Deanna Broussard

Used 3+ times

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21 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A savings account should be used for daily purchases

True
False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Federal Reserve places a limit of ___ withdrawals per month from savings or money market accounts.

5

6

10

unlimited

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which is NOT a typical goal for a savings account?

To create an emergency fund

To pay for higher education

To save for a new car

To buy groceries for this week

Tags

CCSS.3.OA.D.9

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is a good strategy to help you save?

Pay expenses then deposit the rest into savings

Dip into your savings on a regular basis

Set aside money for savings each month

Keep your spending and saving money together in one account

5.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Savings accounts are considered high risk.

True

False

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

About how much should you save in an emergency fund?

1-3 months of living expenses
3-6 months of living expenses
6-9 months of living expenses
9-12 months of living expenses

Tags

CCSS.7.RP.A.3

7.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Media Image

What might you need to open a savings account?

Minimum opening deposit

Your previous year's tax returns (or your parents')

The routing number to a checking account

Identification

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