WorksheetsWays to Save & Invest
Total questions: 10
Worksheet time: 50mins
One pro of basic savings accounts is ...
the interest rate is higher than a money market account.
there are no or low minimum balance requirements.
there is a limit of three transactions a month.
the ability to write an unlimited number of checks.
This chart represents interest rates for?
Checking account
Certificate of Deposit
Savings account
Money Market account
Where can you choose to place or invest your money?
Commercial banks
Credit Unions
Bonds
Mutual Funds
ALL of the above
What is the relationship between risk and return when it comes to investing?
Typically inverse
Typically parallel
There is no relationship
Return is always greater than risk
Depositors in banks and credit unions have the protection of which government agency?
FDA
FTC
FDIC
FICA
Safe investments run the risk of not being able to keep up with _____.
deflation
unemployment
mutual funds
inflation
These financial institutions are an attractive choice for some because they offer low or no fees, allow for all the typical banking services, and are member-based.
credit unions
commercial banks
investment agencies
federal reserve banks
Which type of account allows a select number of checks to be written, typically requires a higher minimum balance, and yields higher interest on the whole?
Traditional savings
Money market
Bonds
Certificate of Deposit (CD)
What dollar amount of deposit insurance is covered by the FDIC?
$100,000
$150,000
$200,000
$250,000
What is one disadvantage to big commercial banks?
Many banking services offered
Higher fees
Low minimum balances
Access to ATMs
