Chapter 3 - Savings
Authored by Deanna Armstrong
Business
11th Grade
Used 36+ times
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14 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many months of fixed expenses should you set aside for emergencies?
1-2 months
3-6 months
7-9 months
12 months
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A great way to start saving money is to open a basic savings account and?
Open a no fee checking accoung
Open an interest bearing checking account
Open another savings account at a different bank
Open an emergency fund account to start saving.
3.
FILL IN THE BLANK QUESTION
1 min • 1 pt
How much are you FDIC insured for on your accounts?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This savings tool has a fixed interest rate and maturity date. There are also penalties if you cash in early. What is this savings tool?
High Yield Checking Account
High Yield Savings Account
Money Market Account
CD's
5.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Turning your assets in to cash fast is called what?
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Depository Institutions offer what services?
Checking
Savings
Investments
Stocks & Bonds
7.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
How can you access your money from your checking account?
Online Transfer
Debit Card
Write a check
None of these
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