
OTB Ch 30&31
Quiz
•
Business
•
9th - 12th Grade
•
Easy
Mallory Dammann
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19 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is NOT a type of savings account?
Certificate of Deposit
money market account
passbook account
demand deposit
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
in which type of savings account are you lending your money to a business or the government?
certificate of deposit
money market fund
simple interest account
compound interest account
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
because money you earn on a savings account is considered unearned income, you have to do this
pay taxes on it
withdraw it
deposit it
pay interest on it
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
which of the following refers to the return on an investment or the amount of money an investment earns
yield
liquidity
capital loss
stock
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
eighteen years old is too young to begin saving for retirement
true
false
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
savings accounts earn low interest
true
false
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
interest earned on a savings account is a kind of rental fee for letting a bak use your money
true
false
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