Ch 2 - Assessment -Pre - test

Passing a test, getting your drivers license, and graduating high school are all examples of

• Interest

• Goals

• Saving

Food, water, and shelter are all examples of

• Needs

• Savings

• Deposit

A new cell phone, a new car, and new sneakers are all examples of

• Interest

• Savings

• Wants

When you put money into your bank acount

• Needs

• Deposit

• Wants

When you take money out of your bank acount

• Withdrawal

• Savings

• Wants

Buying a house and having a career are examples of

• Short term goals

• Long term goals

• Savings

Money that you earn on your savings account from the bank is known as

• Withdrawal

• Interest

• Deposit

When money is transferred automatically to a persons bank account

• Stock

• Direct deposit

• Long term goal

The interest rate for every person that wants to borrow money is the same.

• True

• False

Keeping your money in cash at home will allow you to earn interest.

• True

• False