What was Malik's big idea for saving his birthday money?
Why have a Bank Account?

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Information Technology (IT), Architecture, Business
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KG - 12th Grade
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Easy
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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To buy a new phone
To buy a car
To buy a video game console
To buy a bicycle
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What advice did Jamal give Malik about his money?
To ask mom for a bank account
To hide it in a sock
To lend it to a friend
To spend it quickly
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main purpose of a savings account?
To withdraw money anytime
To save money and earn interest
To spend money frequently
To pay bills online
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do banks use the money deposited in savings accounts?
They give it to charity
They keep it in a vault
They invest it in stocks
They use it for other projects
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is interest in the context of a savings account?
Money paid by the bank for saving
A charge for opening an account
A penalty for withdrawing money
A fee for using a bank account
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
At what age can most banks allow you to open a current account?
At age 5
At age 11
At age 18
At age 21
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What did Malik decide to do after learning about bank accounts?
Spend all his money
Open a current account
Open a savings account
Keep his money in a sock
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