Savings Tools Quiz
Authored by Cassidy Roeglin
Other
10th - 12th Grade
CCSS covered
Used 17+ times
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24 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A depository institution account that is designed to hold money not spent on current consumption.
Certificate of Deposit
Checking Account
Money Market Deposit Account
Savings Account
2.
MULTIPLE CHOICE QUESTION
2 mins • 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
2 mins • 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
2 mins • 1 pt
An account at a depository institution that usually has a minimum balance requirements and tiered interest rates.
Certificate of Deposit
Checking Account
Money Market Deposit Account
Savings Account
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Interest rates are tiered on Money Market Deposit Accounts
True
False
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The time length usually ranges from 7 days to 10 years in Checking Accounts.
True
False
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Checking accounts are less liquid than savings accounts but earn higher interest rates.
True
False
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