Saving accounts differ from checking accounts in that...
Banking

Quiz
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Other
•
9th - 12th Grade
•
Easy
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Saving accounts have higher interest rates
Saving accounts have more fees
Saving accounts have unlimited transactions
Saving accounts have overdraft protection
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What feature is the LEAST important for a college student to look for in a checking account?
Low or no monthly fees
Convenient ATM access
High interest rates
Online and mobile banking
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Assuming a rate of growth of 8%, in how many years will your $ double?
6 years
8 years
10 years
12 years
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is NOT a typical goal for a savings account?
Saving for retirement
Saving for a down payment on a house
Saving for a vacation
Saving for a new car
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
About how much should you save in an emergency fund?
1 month of expenses
3 months of expenses
6 months of expenses
1 year of expenses
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does inflation impact the money in your savings account?
It increases the value of your money
It decreases the value of your money
It has no impact on the value of your money
It depends on the interest rate
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a common way most people are using P2P, such as Venmo?
Splitting bills with friends
Paying rent or utilities
Sending money to family members
Investing in stocks
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