Savings Account Review

Savings Account Review

7th Grade

11 Qs

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Savings Quiz Review

Savings Account Review

Savings Account Review

Assessment

Quiz

Business

7th Grade

Practice Problem

Easy

Created by

Erica Randolph

Used 2+ times

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11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a savings account?

A savings account is a type of bank account that helps you store and save your money while earning interest over time.

A savings account is a type of bank account used to make daily purchases

A savings account is when you save money at home in a piggy bank

None of the Above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A savings account is used to help people save money for future expenses or emergencies.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does it mean to deposit money?

To earn interest

Take money out of your bank account

Add money to your bank account

When you have to pay a fee

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Interest is when a bank pays a person for having money in a savings account.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does it mean to withdraw?

To take money out of an account

To add money to an account

Having to pay a fee

To close your savings account

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How old do you have to be to open a bank account?

21

14

18

10

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Luna Brennan’s is depositing $320  in currency, $1.55 in coins, a check for $213.40, and a check for $400.25. What is the total deposit?

$752.08

$1,221.96

$935.20

$569.84

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