Search Header Logo

NGPF Savings

Authored by Eric Weaver

Financial Education

9th - 12th Grade

Used 1+ times

NGPF Savings
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Putting money into a savings account before paying expenses.

pay yourself first

budgeting

banking

reconciliation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is true about an online savings account?

It is not FDIC insured

There is no physical bank to do business at

It has no advantages over traditional savings accounts

It earns less interest than at a brick and mortar bank

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is interest?

The rate at which the money grows

The amount of money put into an account

An amount of money paid for the use of money

An increase in the value of money

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the 50-20-30 rule distribute your income?

50% needs, 20% savings, 30% wants

50% savings, 20% needs, 30% wants

50% needs, 20% wants, 30% savings

50% wants, 20% savings, 30% needs

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Interest earned on both the principal amount and any interest already earned.

simple interest

compound interest

double interest

interest free

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money set aside for unanticipated expenses or loss of income

savings account

spending log

budget

emergency fund

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much do financial experts recommend you have in an emergency fund?

Enough to cover 3-6 months worth of expenses

Enough to cover 3-6 years worth of expenses

At least 10% to 20% of your income

At least $10,000

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?