
Banking - Unit Test
Authored by Michelle Bruce
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32 questions
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1.
OPEN ENDED QUESTION
30 sec • Ungraded
First Name:
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2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
1. Juan saved $1,000 from his summer job cleaning pools. Which of these account types would work best for him if he doesn't need access to the money for a number of years AND wants to earn the highest interest rate?
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
2. Which of the following is an effective strategy for personal saving?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
3. Joelle wants to have an emergency fund to cover 6 months of her expenses. Her monthly gross pay is $4,000 and her monthly expenses are $2,000. If she plans to save 10% of her gross pay each month, how long will it take her to build her emergency fund?
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
4. All of the following statements about bank accounts are true EXCEPT…
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
5. All of the following are true about prepaid cards EXCEPT…
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
6. You are developing a savings plan and using short-, medium-, and long-term goals to motivate you. Which represents possible goals from short-term to long-term? Save for…
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