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Questions and Answers
Which type of account is typically used for day-to-day spending and paying bills?
Which type of account is typically used for day-to-day spending and paying bills?
- Checking account (correct)
- Savings account
- Money market account
- Certificate of deposit account
What type of account is meant to help you grow your money or set aside funds for a specific goal?
What type of account is meant to help you grow your money or set aside funds for a specific goal?
- Savings account (correct)
- Checking account
- Money market account
- Certificate of deposit account
Which type of account offers the debit card and check-writing features of a checking account with the interest-bearing nature of a savings account?
Which type of account offers the debit card and check-writing features of a checking account with the interest-bearing nature of a savings account?
- Savings account
- Checking account
- Certificate of deposit account
- Money market account (correct)
Which type of account offers a higher interest rate than a traditional savings account, but requires you to leave your money untouched for an agreed upon time?
Which type of account offers a higher interest rate than a traditional savings account, but requires you to leave your money untouched for an agreed upon time?
What happens if you withdraw your funds before the term is done in a certificate of deposit (CD) account?
What happens if you withdraw your funds before the term is done in a certificate of deposit (CD) account?
Which type of account allows you to easily access your money with a debit card, ATM, or check?
Which type of account allows you to easily access your money with a debit card, ATM, or check?
Which type of account offers higher interest rates than a traditional savings account?
Which type of account offers higher interest rates than a traditional savings account?
Which type of account is a cross between a checking and a savings account?
Which type of account is a cross between a checking and a savings account?
Which type of account is meant to help you grow your money or set aside funds for a specific goal?
Which type of account is meant to help you grow your money or set aside funds for a specific goal?
Which type of account requires you to leave your money untouched for an agreed upon time?
Which type of account requires you to leave your money untouched for an agreed upon time?
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