If someone can't cover $1000 emergency with their savings, what mostly likely will happen?
Understanding Savings and Financial Decisions

Interactive Video
•
Social Studies
•
9th - 12th Grade
•
Easy
Natalie Harmon
Used 7+ times
FREE Resource
12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
They won't have to pay it.
They will go into debt.
It will magically appear.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the biggest reason to save money according to the video?
To buy luxury items
To alleviate stress
To invest in stocks
To help friends
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT one of the types of savings accounts mentioned in the video?
Regular Savings Accounts
High-Yield Savings Account
Certificate of Deposit
Money Market Account
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the features to look out for when deciding where to save your money?
Color of the bank
Interest rates
Location of the ATM
Type of debit card
5.
OPEN ENDED QUESTION
3 mins • 1 pt
Why is it a bad idea to keep your savings in your checking account?
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6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What is the best purpose for a regular savings account?
To store a small emergency fund
To build retirement funds
To make savings grow fast
To have quick access to money in the near future.
7.
OPEN ENDED QUESTION
3 mins • 1 pt
What is one benefit of a high-yield savings account compared to a regular savings account?
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