WorksheetsSaving and checking accounts
Total questions: 14
Worksheet time: 9mins
Whats a savings account?
A place where money is put in where you only take from it
An account where only money you put into it is stored.
A website
An account that you put money into that is interest barring.
How much interest do you get from your savings account?
None.
A percentage of money that is saved.
A dollar for every hundred.
The exact amount that is saved.
What would be a smart reason to have a savings account?
To save money for college.
To spend on Amazon.
Help your family out.
To have as a backup for your future.
What can you do with a savings account?
Deposit money.
Withdraw money.
Store money.
Throw away money.
What is a checking account used for?
To pay bills.
To save for the future
To store valuable items.
Other expenses.
You get a credit card with a checking account.
True
False
what accounts can you use checks for?
Savings account
Checking account
Nether
Both
Which account do you get more access to?
Checking account
Savings account
If you just got a paycheck and you have no bills to pay, what should you do with it?
Put it into you Checking account
Put it into your Savings account
keep it
Take the money out of the check and pocket it.
what is a check?
An instrument that you just give out to anyone.
An instrument that directs the bank to a certain amount to the bearer.
A green mark that goes on a right answer.
A red mark that is wrong.
Where might you get a check?
Work
community service
School
Doing a good deed
What is Credit card?
An IOU to the bank
A place to tell you your credit score.
A website to show you how to save.
A thin piece of metal or plastic
What does a Savings account and a Checking account have in common?
Nothing besides 1
You can withdraw money from both.
You can save with both of them.
They are both interest bearing.
Do you understand what the difference between a Savings account and a Checking account is?
Yes!
I didn't pay any attention.
A little
No
