Checking v. Saving accounts

Checking v. Saving accounts

Assessment

Quiz

Other

9th - 12th Grade

Practice Problem

Hard

Created by

Anika Tryon

Used 2+ times

FREE Resource

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6 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a savings account?

An interest-bearing deposit account held at the bank

An account that does not pay interest on your account

An account that you can put in as much as you want but limits the number of withdrawals.

not this one :)

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a checking account?

A checking account is a deposit account at a financial institution that allows for withdrawals and deposits of cash

An account that gives interest on the amount you put in.

An account that gives you free money, depending on how much you put in it.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An interest-bearing deposit account held at the bank is a what account?

Savings

Checking

Credit

Salary

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A checking account is a deposit account at a financial institution that allows for withdrawals and deposits of cash is a what account?

checking

savings

salary

credit

5.

MULTIPLE SELECT QUESTION

1 min • 1 pt

Reasons people choose saving accounts over checking accounts.

Saving accounts are better for storing money

saving accounts have no interest

Saving accounts are not used for everyday purchases

Saving accounts typically offer more higher interest rates

6.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Reasons people choose checking accounts over savings accounts.

Checking accounts are better for regular transactions such as purchases, bill payments, and ATM withdrawals.

Checking accounts have no interest.

Checking accounts can have no monthly maintenance.

Checking accounts can charge you monthly fees.