What does Sarah need to do before she can get a debit card?

Understanding Checking and Savings Accounts

Interactive Video
•
Business, Life Skills
•
6th - 10th Grade
•
Medium

Mia Campbell
Used 17+ times
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Write a resume
Open checking and savings accounts
Apply for a credit card
Get a driver's license
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which feature is commonly associated with checking accounts?
Limited transactions
High interest rates
Direct deposit abilities
No fees
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential downside of checking accounts?
No online access
Maintenance fees
High interest rates
Limited withdrawals
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of a savings account?
To pay bills
To avoid taxes
To save money for future needs
To earn rewards points
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many convenient withdrawals are allowed from a savings account each month?
Three
Ten
Unlimited
Six
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why might savings accounts offer higher interest rates than checking accounts?
They have more fees
They are only available online
They encourage saving by limiting withdrawals
They are less secure
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key difference between checking and savings accounts?
Savings accounts have more fees
Savings accounts are for saving, checking accounts are for spending
Checking accounts have higher interest rates
Checking accounts are for saving, savings accounts are for spending
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