Chapters 4, 5, and 6 Test

Chapters 4, 5, and 6 Test

12th Grade

98 Qs

quiz-placeholder

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Chapters 4, 5, and 6 Test

Chapters 4, 5, and 6 Test

Assessment

Quiz

Business

12th Grade

Easy

Created by

Lourdes Rayneri

Used 8+ times

FREE Resource

98 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Regular savings accounts typically offer higher interest rates than high-yield savings accounts.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Funds from your checking account are withdrawn by writing a certified check.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an interest-paying checking account?

Certificate of deposit (CD)

Series EE U.S. savings bond

Negotiable order of withdrawal (NOW) account

Treasury bill

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money is automatically withdrawn from your account when you use a debit card.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the compounding method in savings plans do?

Reduces savings balance over time

Lowers the overall return

Enhances the growth of savings through interest

Penalizes early withdrawal

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Funds invested in which of these should not be withdrawn for a stated period in order to avoid an interest penalty?

Savings account

U.S. Treasury bill

Negotiable order of withdrawal (NOW) account

Certificate of deposit (CD)

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which financial service helps manage money wisely?

Crowdfunding

Credit counseling

Online and mobile banking

Car loans

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