
Understanding Bank Account Options

Interactive Video
•
Business, Life Skills
•
9th - 12th Grade
•
Easy

Sophia Harris
Used 1+ times
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary factor to consider when choosing a bank account?
The bank's advertising campaign
The flexibility and interest rate of the account
The bank's location
The color of the bank's logo
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of account offers the most flexibility for accessing your money?
Savings account
Checking account
Money market account
Certificate of deposit
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a common limitation of checking accounts?
Long-term commitment
High interest rates
Limited access to funds
Low or no interest rates
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key feature of money market accounts?
Unlimited transactions
High interest with no restrictions
Limited transactions and minimum balance requirements
No interest and high fees
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do savings accounts typically compare to checking accounts?
They offer more flexibility
They offer higher interest rates
They allow unlimited transactions
They have no minimum balance requirements
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential downside of using a savings account?
High risk of losing money
High transaction fees
No interest earned
Limited access to funds
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a certificate of deposit (CD)?
A short-term loan from the bank
A type of checking account
An account with a fixed term and higher interest
An account with unlimited withdrawals
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