What is the main purpose of a savings account?
Current and Savings Accounts

Interactive Video
•
Business
•
KG - 12th Grade
•
Hard
Quizizz Content
FREE Resource
Read more
7 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To pay bills online
To earn interest on saved money
To get an ATM card
To allow frequent withdrawals
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of account is typically used for daily transactions?
Savings account
Fixed deposit account
Current account
Investment account
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is interest in the context of a savings account?
A fee for using an ATM
A charge for account maintenance
Money earned from the bank for saving
A penalty for late payments
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does a credit card differ from a debit card?
Debit cards allow borrowing money
Credit cards involve borrowing money
Credit cards require a PIN for transactions
Debit cards have higher interest rates
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens if you don't pay off your credit card balance by the end of the month?
You receive a discount
Your credit limit increases
You are charged an interest fee
You earn more interest
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a credit limit?
The maximum amount you can borrow on a credit card
The minimum payment required each month
The fee for late payments
The interest rate charged on a credit card
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a feature of a current account?
ATM card access
Fixed deposit terms
Limited withdrawals
Higher interest rates
Similar Resources on Wayground
2 questions
Current and Savings Accounts

Interactive video
•
KG - 12th Grade
6 questions
Here's how your home equity can be used as a financial safety net

Interactive video
•
University
6 questions
Comparing Credit and Debit Cards

Interactive video
•
9th - 10th Grade
6 questions
Wells Fargo CEO Sloan: Stumpf Was a Distraction

Interactive video
•
University
2 questions
Credit Card v Debit Card

Interactive video
•
KG - 12th Grade
6 questions
Money moves to consider before a possible rate cut

Interactive video
•
University
2 questions
Financial Literacy Part 1: College Students

Interactive video
•
10th Grade - University
8 questions
Bank Accounts

Interactive video
•
KG - 12th Grade
Popular Resources on Wayground
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade
Discover more resources for Business
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade