
Understanding Bank Accounts

Interactive Video
•
Life Skills, Business
•
3rd - 6th Grade
•
Easy

Jackson Turner
Used 1+ times
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the big purchase that was being saved for?
A new phone
A bicycle
A video game console
A car
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the two main types of bank accounts discussed?
Savings and Investment accounts
Fixed and Recurring accounts
Checking and Business accounts
Current and Savings accounts
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary benefit of a savings account?
It allows frequent withdrawals
It requires no minimum balance
It offers higher interest rates
It provides a debit card
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do banks use the money deposited in savings accounts?
They lend it to other customers
They keep it in a vault
They invest it in stocks
They use it for other projects
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is interest in the context of a bank account?
A charge for using a debit card
A fee for opening an account
A reward for saving money
A penalty for withdrawing money
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
At what age can most banks allow you to open a current account?
10 years
11 years
12 years
13 years
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What feature is commonly associated with a current account?
Free checks
ATM or debit card
No withdrawal limits
High interest rates
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