Why is it suggested to save money in a bank rather than at home?

Financial Management and Security

Interactive Video
•
Life Skills, Business
•
4th - 6th Grade
•
Hard

Aiden Montgomery
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Banks offer higher interest rates.
Money at home can be easily stolen.
Banks provide free financial advice.
Home savings are taxed more.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the initial reaction to the idea of using a jar for savings?
It was considered a brilliant idea.
It was seen as a risky choice.
Everyone agreed it was the best option.
It was ignored completely.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one benefit of saving money in a bank mentioned in the video?
Banks provide free insurance.
Interest can increase your savings.
You can withdraw money anytime without fees.
Banks offer free gifts.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did the family realize their savings had increased?
A friend told them.
The bank statement showed interest added.
They won a lottery.
They found extra money in the jar.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What should you do if you notice suspicious activity around your home?
Report it to the authorities.
Confront the suspicious person.
Move to a new location.
Ignore it and hope it goes away.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What caused the panic in the household?
The house was flooded.
A family member got lost.
The jar used to store money went missing.
A fire broke out.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the thief's intention with the jar?
To use it as a decoration.
To sell it for profit.
To steal the money inside.
To return it to the owner.
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