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Basic of Savings Review

Total questions: 10

Worksheet time: 6mins

Name
Class
Date
1.

Which of the following is NOT a type of savings account we learned about?

a)

Traditional Savings

b)

Online Savings

c)

Certificate of Deposits

d)

Money Market

e)

Savings Bond

2.

Which types of savings is this?

A time-bound savings account that usually offers a higher interest rate in return for you agreeing to leave your deposit untouched for a specific period?

a)

Traditional Savings

b)

Online Savings

c)

Certificate of Deposit (CD)

d)

Money Market

3.

Which types of savings is this?

You put your money in this account and get the benefits of both savings and checking accounts.

a)

Traditional Savings

b)

Online Savings

c)

Certificate of Deposit (CD)

d)

Money Market

4.

Which types of savings is this?

Provides a safe place to keep money while earning a small amount of interest. Easy to open.

a)

Traditional Savings

b)

Online Savings

c)

Certificate of Deposit (CD)

d)

Money Market

5.

Which types of savings is this?

savings account that offer higher interest rates, lower fees, and less overhead costs.

a)

Traditional Savings

b)

Online Savings

c)

Certificate of Deposit (CD)

d)

Money Market

6.

Which of the following savings accounts are insured by the FDIC?

a)

Traditional Savings

b)

Online Savings

c)

Certificate of Deposit

d)

Money Market

7.

Which of the following savings accounts allow you to add to the balance regularly?

a)

Traditional Savings

b)

Online Savings

c)

Certificate of Deposit

d)

Money Market

8.

Which of the following savings accounts allow you to write checks/pay bills directly?

a)

Traditional Savings

b)

Online Savings

c)

Certificate of Deposit

d)

Money Market

9.

Which of the following savings accounts money is stuck for a set period of time?

a)

Traditional Savings

b)

Online Savings

c)

Certificate of Deposit

d)

Money Market

10.

Which of the following savings accounts has the highest typical interest rate?

a)

Traditional Savings

b)

Online Savings

c)

Certificate of Deposit

d)

Money Market