
Checking's Versus Savings
Authored by Cassandra Lella
History
12th Grade
Used 5+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
I am a 20 year old who has a part time job. I make $350 dollars a week and I would like to reserve some of my money for the future. Which account should I open?
Checking
Savings
Both
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
I am 13 years old and do not have a job. For my birthday, my Aunt gave me $1000 dollars and told me to save it for college. Which bank account should I open?
Checking
Savings
Both
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Robert wants to get serious about saving for a new car. He has $100 dollars currently and wants to add $100 dollars a week until he saves enough. Which account would you recommend?
Checking Account
Savings Account
CD Account
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Cindy has been working for 8 years, and she’s built up a huge emergency fund -- $45,000, which would be 6 months of her salary. She’s hoping to earn a bit more interest than she currently is with that $45,000 just sitting in her traditional bank’s savings account. Which account would you recommend?
Checking Account
Savings Account
CD Account
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
In this account you can
- take money in and out whenever you want
-you have access to a debit card
- you receive NO interest
Checking
Savings
CD
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
In this type of account, you
- receive high interest rates
- can NOT take money out of the account until it expires
- requires a minimum of $2500 to open
Checking
Saving
CD
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
In this type of account, you have
- the ability to save money
the ability to take money in and out of your account
- no access debit cards / check
Checking
Savings
CD
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