An account that generates interest income on the available balance in the account

Personal Finance - Chapter 2

Quiz
•
Life Skills
•
10th - 12th Grade
•
Easy
Donna Stubbe
Used 19+ times
FREE Resource
36 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Interest Bearing Account
Compound Interest
Simple Interest
Inflation
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The five steps to financial success
The Five Compliments
The Five Foundations
The Five Freedom Steps
The Five Money Saving Steps
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A savings account that is set aside to be used only for emergency expenses
Safety Fund
Emergency Fund
Savings Fund
Expense Fund
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Interest paid on interest previously earned
Simple Interest
Frequent Interest
Interest Account
Compound Interest
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Saving money over time for a large purchase
Savings Account
Sinking Fund
Checking Account
Interest Bearing Account
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A rate which is either charged (on debt) or paid (on investment accounts) for the use of money
Interest Rate
Savings Rate
Inflation Rate
Interest Percentage
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The persistent increase in the cost of goods and services or the persistent decline in the purchasing power of money
Deflation
Interest
Inflation
Recession
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