Saving vs. Investing

Saving vs. Investing

9th - 12th Grade

31 Qs

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Saving vs. Investing

Saving vs. Investing

Assessment

Quiz

Social Studies

9th - 12th Grade

Medium

Created by

Monica Coccia

Used 8+ times

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31 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

A bank account that allows you to deposit/withdraw money at any time and earns interest is a

money market fund

money market deposit account

regular savings account

certificate of deposit

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The ability to quickly turn an investment into cash is called

liquidity

rate of return

inflation risk

interest

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is the date when money deposited into a Certificate of Deposit (CD) becomes available called?

maturity date

liquidity

rate of return

savings

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The interest rate on a CD is __________ than that on a regular savings account.

Lower

Higher

Same

Does not earn interest

5.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Media Image

If you cash in a CD before the maturity date you will __________ and __________. (select 2)

pay a penalty

pay the interest

lose interest

lose the principal

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

You earn _______________ by saving money in a savings account.

money

interest

awards

trophies

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which account is used for a fixed period of time and allows restricted access to the funds?

Checking Account

Savings Account

Money Market Deposit Account

Certificate of Deposit

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