Checking/Savings Review

Checking/Savings Review

9th - 12th Grade

10 Qs

quiz-placeholder

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Checking/Savings Review

Checking/Savings Review

Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

Meghan Maffetone

Used 4+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Getting cash back does what to your checking account balance?

No impact

Raises it

Lowers it

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you know you want to lock away money for a set time period of 3 years without touching it, what's the best time of account to use for this?

401k

Money Market Savings

Certificate of Deposit

Checking Account

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are ways to access money from your checking account?

Only ATM or check.

Check, ATM, going into bank, debit card, cash back

Only check or credit card.

Credit Card, ATM, going into bank, debit card, cash back

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these should not be paid for with money from your savings account?

Filling up your gas tank

One week vacation

First semester of college

Your first car

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is compounding interest so great?

You earn interest on your initial deposit only!

You are exempt from checking account fees!

You are guaranteed 4% interest yearly!

You earn interest on your interest!

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This type of check is one that hasn't yet been cashed.

Outstanding

Amazing

Superb

Fantastic

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is not a strategy to save?

Set Savings Goals!

Save Last, not First!

Cut your expenses!

Be a smart shopper!

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