Which type of bank account typically offers the least amount of interest?

WISE Bank Questions Munn

Quiz
•
Financial Education
•
11th Grade
•
Hard

John Munn
Used 2+ times
FREE Resource
50 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Checking account
Savings account
Money market account
None of the above
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Savings accounts typically offer more interest than which type of account?
Retirement account
Money market account
Checking account
None of the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of bank account is best if you want some growth on your money?
Checking account
Savings account
529 Plan
None of the above
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of bank account is best for everyday transactions?
Checking account
Savings account
Money market account
Certificate of deposit
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a common feature of a financial institution?
Access to investment products
Paper checks
Access to ATMs
Direct deposit
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of bank account typically offers the least (if any) interest?
Access to ATMs
Investment trading
Direct deposit
Debit cards
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Julie wants to open an account at a financial institution that offers free checking accounts and higher interest rates on her deposits. Julie’s parents are eligible to join a credit union. Which financial institution is a good choice for Julie?
Brick-and-mortar bank
Internet bank
Credit union
Cash advance or payday loan company
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