NEW
Font size
WorksheetsSavings Account Review
Total questions: 11
Worksheet time: 6mins
What is a savings account?
A savings account is a type of bank account that helps you store and save your money while earning interest over time.
A savings account is a type of bank account used to make daily purchases
A savings account is when you save money at home in a piggy bank
None of the Above
A savings account is used to help people save money for future expenses or emergencies.
True
False
What does it mean to deposit money?
To earn interest
Take money out of your bank account
Add money to your bank account
When you have to pay a fee
Interest is when a bank pays a person for having money in a savings account.
True
False
What does it mean to withdraw?
To take money out of an account
To add money to an account
Having to pay a fee
To close your savings account
How old do you have to be to open a bank account?
21
14
18
10
Luna Brennan’s is depositing $320 in currency, $1.55 in coins, a check for $213.40, and a check for $400.25. What is the total deposit?
$752.08
$1,221.96
$935.20
$569.84
Regis Sellers is depositing $450 in currency, $7.25 in coins, a check for $110.90, and a check for $1,263.91. What is the total deposit?
$1,832.06
$1,826.60
$1632.59
$1,968.00
A Joint or Custodial accounts can be opened with a parent or guardian if you are under 12 years old?
True
False
If Nikki earned $50.00 for babysitting her little cousin, would she make a deposit or withdrawal at her bank?
Deposit
Withdrawal
Kevin wants to purchase a new video game for $275.00. Would he need to make a deposit or a withdrawal at his bank?
Deposit
Withdrawal
