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G3-5 Financial Literacy Session 9

Total questions: 5

Worksheet time: 5mins

Name
Class
Date
1.

A High-Yield Savings Account offers higher interest rates than regular savings accounts.

a)

True

b)

False

2.

If you want to earn higher interest but also be able to easily access money for you business, you open a

a)

Savings Account

b)

Checking Account

c)

Money Market Account

d)

None of the above

3.

Which of the following is true of Certificate of Deposit?

a)

It's held at a bank for a fixed period of time

b)

You can't take the money out until it's time ends

c)

It gives you a higher rate of interest

d)

All of the above

4.

Savings Bonds are issued by

a)

Banks

b)

Companies

c)

U.S Treasury

d)

James Bond

5.

You can learn to save money by practicing and making it a habit.

a)

True

b)

False