What is the main purpose of having a savings account?

Smart Money Management for Students

Quiz
•
Financial Education
•
6th Grade
•
Hard
Fallon Parker
FREE Resource
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To spend money on entertainment
To keep money safe and earn interest
To pay off debts
To buy groceries
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you save $10 every week, how much will you have saved after 4 weeks?
$20
$30
$40
$50
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a good example of a short-term financial goal?
Buying a house
Saving for a new video game
Planning for retirement
Starting a business
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you want to save $100 in 10 weeks, how much should you save each week?
$5
$10
$15
$20
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important to set financial goals?
To spend money quickly
To have a clear plan for saving and spending
To avoid making a budget
To borrow more money
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