WorksheetsWho Wants to be a Millionaire?
Total questions: 15
Worksheet time: 8mins
Name
Class
Date
1.
What kind of bank account most often allows you to save and grow your money over time?
a)
Checking Account
b)
Credit Card
c)
Savings Account
d)
IRA
2.
What kind of bank account most often allows people over 18 the greatest access to their own money?
a)
Checking Account
b)
Credit Card
c)
Savings Account
d)
IRA
3.
What kind of bank account most often allows people over 18 the greatest access to the bank’s money so they can buy things they can’t quite afford yet?
a)
Chcecking Account
b)
Credit Card
c)
Savings Account
d)
IRA
4.
What kind of bank account most often allows people to plan for future savings and retirement?
a)
Checking Account
b)
Credit Card
c)
Savings Account
d)
IRA
5.
Why is it safe to save your money in the bank?
a)
It is insured by the Federal Government.
b)
It is insured by the bank.
c)
The bank has enough of everyone else’s money that if mine goes missing, others will pay for it.
d)
My mattress is a safer place to keep my money than the bank.
6.
What is it called when you save money by putting it in the bank?
a)
Withdrawal
b)
Deposit
c)
Loan
d)
Interest
7.
What is it called when you take money out of the bank to spend it?
a)
Withdrawal
b)
Deposit
c)
Loan
d)
Interest
8.
What is it called when you take more money than you have out of the bank to spend it?
a)
Withdrawal
b)
Deposit
c)
Loan
d)
Interest
9.
What is it called when either the bank pays you for your savings with them, or you pay the bank for their loan to you?
a)
Withdrawal
b)
Deposit
c)
Loan
d)
Interest
10.
What is the worst possible kind of loan a bank can give you?
a)
Cash
b)
Debit Card
c)
Credit Card
d)
ATM Card
11.
What makes Credit Cards the worst options for getting loans?
a)
Low interest rates
b)
High Interest rates
c)
Cash back rewards
d)
Frequent Flier Miles
12.
Credit Cards still make you pay interest if you pay them off every month.
a)
True
b)
False
13.
Millionaires save their money and make good investing decisions.
a)
True
b)
False
14.
Millionaires spend their money on all sorts of things without thinking about where it is going.
a)
True
b)
False
15.
What feature about savings helps people become Millionaires?
a)
Simple interest
b)
Athletes are good at it
c)
Nothing
d)
Compound Interest
100 %
