Checking and savings accounts

Checking and savings accounts

9th - 12th Grade

17 Qs

quiz-placeholder

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Checking and savings accounts

Checking and savings accounts

Assessment

Quiz

Special Education

9th - 12th Grade

Easy

Created by

Sandy Reece

Used 4+ times

FREE Resource

17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an account balance?

The amount of money you have in an account.

The fees you must pay to have an account.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Wes wants to accumulate enough money to buy himself a new car. He should probably open a:

checking account

savings account

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the difference between a credit card and a debit card?

A debit card can only be used at an ATM. Credit cards can only be used in stores or on-line.

A debit card takes money directly from your banking account; while using a credit card is a form of borrowing.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All transactions should be recorded in your bank register. True or False

True

False

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

A checking account . . . . (choose 3)

allows you to withdraw money, pay a bill, or make purchases easily.

has a limit on how many times you can withdraw money.

allows quick access to money for everyday expenses.

allows you easy access to your money through a debit card, atm, or checks.

earns interest on the money you deposit into the account.

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

A savings account . . . . (choose 2)

allows you to withdraw money, pay a bill, or make purchases easily.

has a limit on how many times you can withdraw money.

allows quick access to money for everyday expenses.

allows you easy access to your money through a debit card, atm, or checks.

earns interest on the money you deposit into the account.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When you make a deposit into your account you . . . .

add the amount of the deposit to your account balance.

subtract the amount of the deposit from your account balance.

do nothing to your account balance.

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