Level 3. Banking Knowledge Check

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Pass the banking recap quiz to see if you're ready for the next lesson!

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Level 3. Banking Knowledge CheckVersión en línea Pass the banking recap quiz to see if you're ready for the next lesson! por WM 1 Which of the following are good uses for a savings account? Choose one or more answers a A down payment on a car b Monthly phone bill c Gym membership d Vacation spending money 2 Which of the following are good uses for a checking account? Choose one or more answers a Hanging out with friends b Preparing for college expenses c Streaming subscriptions d Car insurance 3 True or false: Banks usually offer lower fees and better rates a True b False 4 You keep $5,000 in your checking account with little to no bills or expenses to cover. What is a smarter move with that money? a Spend the money on things you want and need b Withdraw cash c Move some to a savings account to earn interest d Leave the money there 5 Which situation(s) would result in an overdraft? a Moving $100 to your checking account and buying headphones for $90 b Having only $70 in your checking account and buying a new game for $65 c Moving $1,000 to your savings while only keeping $10 in your checking account d Spending $30 on a date when you have $20 in your checking account

Level 3. Banking Knowledge CheckVersión en línea

Pass the banking recap quiz to see if you're ready for the next lesson!

por WM

Which of the following are good uses for a savings account?

Choose one or more answers

A down payment on a car

Monthly phone bill

Gym membership

Vacation spending money

Which of the following are good uses for a checking account?

Choose one or more answers

Hanging out with friends

Preparing for college expenses

Streaming subscriptions

Car insurance

True or false: Banks usually offer lower fees and better rates

True

False

You keep $5,000 in your checking account with little to no bills or expenses to cover. What is a smarter move with that money?

Spend the money on things you want and need

Withdraw cash

Move some to a savings account to earn interest

Leave the money there

Which situation(s) would result in an overdraft?

Moving $100 to your checking account and buying headphones for $90

Having only $70 in your checking account and buying a new game for $65

Moving $1,000 to your savings while only keeping $10 in your checking account

Spending $30 on a date when you have $20 in your checking account

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Level 3. Banking Knowledge Check

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Level 3. Banking Knowledge CheckVersión en línea

por WM

Which of the following are good uses for a savings account?

Choose one or more answers

Which of the following are good uses for a checking account?

Choose one or more answers

True or false: Banks usually offer lower fees and better rates

You keep $5,000 in your checking account with little to no bills or expenses to cover. What is a smarter move with that money?

Which situation(s) would result in an overdraft?

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