NEW
Font size
WorksheetsFutureSmart Mod5
Total questions: 11
Worksheet time: 6mins
A loss is when:
Revenue > Expenses
Revenue < Expenses
Revenue = Expenses
None of the above
A profit is when:
Your revenue is higher than your expenses
Your revenue and expenses are the same
Your expenses are higher than your revenue
None of the above
Why would you put money into a savings account?
To make frequent withdrawals at ATMs
To earn interest on your money and grow your savings
To access the money from this account with personal checks
To easily access the money from this account with a debit card
You sister is looking for a way to increase the amount of interest she is earning on her savings account. What should she do?
Use the money from her savings account to open a checking account instead
Switch to a savings account with a lower interest rate
Make monthly withdrawals from her savings account
Deposit money into her savings account each month
Aaron wants to open a savings account. Which account will grow his money the most?
Account 1 - Interest rate 2%, Interest compounded daily
Account 2 - Interest rate 1%, Interest compounded daily
Account 3 - Interest rate 2%, Interest compounded semi-annually
Account 4 - Interest rate 1%, Interest compounded annually
Which account will help you save money and earn the most interest?
Savings Account
Checking Account
Certificate of Deposit
Credit Card
What is required when opening a checking account?
A Salary
A Credit Card
A Master’s Degree
An Initial Deposit
Revenue is:
The amount of money a company pays its employees
The amount of money a company has left after paying bills
The amount of money a company makes from sales
The amount of taxes a company has to pay
The average price of a gallon of milk increased from $3.00 last year to $3.50 this year. This is most likely due to __.
the stock market
inflation
deflation
the market basket
Which of the following best describes deflation?
An increase in the cost of goods and services
A decrease in the cost of goods and services
A decrease in purchases of a good or service
An increase in purchases of a good or service
What is the first step you should take when opening a savings account?
Make your initial deposit
Go to the bank and fill out an application
Present your photo ID to the bank representative
Review the different account options at your bank
