Savings Accounts Doodle Notes
Quiz
•
Other
•
9th - 12th Grade
•
Practice Problem
•
Hard
brandi joice
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6 questions
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1.
MATCH QUESTION
1 min • 1 pt
Match the vocabulary with the definition
Account for saving money for gifts
Holiday savings account
Adding money to an account
Withdrawal
An account used by two people
High interest savings account
Taking money from an account
Deposit
Account with higher interest rate
joint savings account
2.
CATEGORIZE QUESTION
3 mins • 1 pt
Sort the information into the correct category.
Groups:
(a) Fees from banks
,
(b) Positive things from savings
,
(c) Negative things from savings
,
(d) Types of savings accounts
General account cost
You are limited on the number of times you can withdrawl
Your money is protected
Joint
Emergency
Over draft
You can be charged fees
Holliday
Your money is insured by the federal government
wire transfers
Using ATM that is not your bank
High interest
You are paid a low amount of interest
You are paid interest
3.
MATCH QUESTION
1 min • 1 pt
Match the following
Overdraft Fees
Fee for taking out more money than you have
Wire transfer
Fee for using an ATM from a different bank
Account fees
Fees for having an account
ATM Fees
Fee for sending money to a different bank
4.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Chose all that are true about a savings account. (choose all that apply)
Used for money that will not be needed soon.
You Do Not have to pay a fee for taking money out multiple times each month.
You Do have to pay a fee for taking money out multiple times each month.
You earn money when you leave your money in your saving account.
You do not earn money when you leave your money in your saving account.
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Choose all statements that are true about storing money in your savings account.
Your money is more protected at the bank than at your house
Your money is ;less protected at the bank than at your house
You earn interest (making money while you sleep)
You do not earn interest when you put your money in a savings account
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
When you put money in the bank what does the bank do with it. Choose all that apply
They loan it out to other people and make interest on that money.
They earn more interest than they give you on the money you deposit.
They loan out your money but give you all the interest
They earn no interest on the money you deposit because it is yours. So only you get interest off of your money.
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