WISE Bank Questions Munn

WISE Bank Questions Munn

11th Grade

•

50 Qs

quiz-placeholder

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WISE Bank Questions Munn

WISE Bank Questions Munn

Assessment

Quiz

•

Financial Education

•

11th Grade

•

Practice Problem

•

Hard

Created by

John Munn

Used 2+ times

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50 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

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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