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22-23 PrinB U6L3 Managing your Money

Authored by NCA CTE Teacher

Other

10th - 12th Grade

Used 1+ times

22-23 PrinB U6L3 Managing your Money
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which type of bank account allows you to withdraw money from the account on a frequent basis?

Checking

Savings

Money market

Certificate of deposit (CD)

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What does a money market account offer that a certificate of deposit (CD) does not offer?

You make more money in interest.

You can withdraw money at any time.

There is no difference between a money market account and a CD.

You can open more than one money market account.

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following is the best description of reconciling a bank account?

Adding money to your bank account

Comparing your own records to bank records

Closing your bank account

Comparing your bank account to your earnings

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Why might a person choose to open a certificate of deposit (CD)?

To make the highest profit possible

To own shares in a corporation

To earn interest over time without risk

To have easy access to spending money

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What is a stock?

A share of ownership in a corporation

The same thing as a bond

A type of bank account

A risk-free investment

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following might issue a bond?

An investment firm

The IBM corporation

A small business

The state of Nebraska

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following investment plans involves the greatest amount of risk?

Investing in bonds

Investing in individual stocks

Investing in mutual funds

Putting money in a money market account

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