Banking Products_Quiz-1

What do we call the money we give to a bank to keep safe?

• Loan
• Interest
• Deposit
• Withdrawal

When we take money out of our account, what is it called?

• Payment
• Withdrawal
• Transfer
• Deposit

Which account is best for everyday spending?

• Checking account
• Investment account
• Savings account
• Current Account

Do checking accounts usually earn interest?

• NO

• YES

Money Market Accounts are a mix of what?

• Savings and current accounts

• Certificates of deposit
• Credit and debit cards
• Savings and checking accounts

Which account locks your money for a set time and gives higher interest?

• Savings account
• Current account
• Money market account
• Certificate of Deposit (CD)

Is a deposit when you hide money under your pillow?

• Yes, a deposit is when you hide money under your pillow.
• No, a deposit is not when you hide money under your pillow.

Can you use a debit card with a checking account?

• No, a debit card cannot be used with a checking account.
• Yes, you can use a debit card with a checking account.

A Certificate of Deposit gives more interest if you keep your money in it for…

• a shorter period of time
• when the market is down
• a longer period of time
• only on weekends