Places to put your money review [2025]

Places to put your money review [2025]

Assessment

Flashcard

Education

12th Grade

Hard

Created by

Wayground Content

FREE Resource

Student preview

quiz-placeholder

29 questions

Show all answers

1.

FLASHCARD QUESTION

Front

What is a 529 account used for?

Back

Education expenses like tuition, housing, meal plan

2.

FLASHCARD QUESTION

Front

To avoid paying a monthly bank account fee, you can use a student account which links to a ________ account.

Back

parent's

3.

FLASHCARD QUESTION

Front

Which of the following is a characteristic of a high-yield savings account (HYSA)?
Options:
Lower interest rates,
Interest rates that change depending on the Federal Reserve interest rate,
Available at physical bank branches,
No FDIC insurance coverage

Back

Interest rates that change depending on the Federal Reserve interest rate

4.

FLASHCARD QUESTION

Front

What is a debit card?

Back

A card that links to your checking account and uses your money to make purchases.

5.

FLASHCARD QUESTION

Front

A 529 account is primarily used for ______.

Back

Education expenses like tuition, housing, meal plan

6.

FLASHCARD QUESTION

Front

Which of the following is a way to avoid paying a monthly bank account fee?
- Maintain a minimum daily balance
- Use a credit card
- Withdraw cash frequently
- Close the account.

Back

Maintain a minimum daily balance

7.

FLASHCARD QUESTION

Front

What is the maximum amount guaranteed by the government under FDIC insurance if your bank fails (disregarding HYSA's)?

Back

$250,000

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?