Handling Paychecks Quiz

Which of the following is a digital currency

• Bitcoin account

• Saving account

• Cash in a drawer

• Checking account

Which of the following is NOT a feature of a checking account?

• Easy Access

• High Interest

• Debit Card Payments

• Overdraft Fees

What is a disadvantage of a checking account?

• High Interest

• Fees for Overdraft

• Free Checks

• Unlimited Transactions

Which of the following is a common feature of checking accounts?

• Interest on Savings

• Easy Access

• High Withdrawal Limits

• No Fees

What is a common risk of using a checking account?

• High Interest

• Charged for Stolen Items

• Free Overdrafts

• Unlimited Withdrawals

Which investment option involves real estate?

• Stock Market

• Certificate of Deposit (CD)

• Gold

• Property

Which investment is known for its physical form and intrinsic value?

• Stock Market

• Certificate of Deposit (CD)

• Gold

• Property

Which of the following is a non-tangible investment option?

• Gold

• Property

• Stock Market

• Real Estate

For how long do you need to have a Certificate of Deposit (CD) for a full payout?

• 5, 7, or 9 months

• 10, 12, or 20 months

• 15, 18, or 24 months

• 1, 3, or 6 months

Which of the following is NOT true about a Certificate of Deposit (CD)?

• It has a higher interest rate than savings accounts

• It allows for early withdrawal without penalty

• It requires a lump-sum deposit

• It is offered by banks and credit unions