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My Financial Story - First Savings Account Flashcards | StudBud

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My Financial Story - First Savings Account

6 terms·StudBud Administration·170 plays

Follow Pierre as he opens his first savings account. Test your knowlegde to see what you have learned!

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Questions 6

Answers

1
What is the purpose of a savings account?
None of the above
Build credit
Store money for the future
Spending money now
2
Which factor helps you determine the type of savings account to get?
Initial Deposit
Account Access
All of the above
Future Deposits
3
Some savings accounts have withdraw limits.
True
False
4
What is the easiest way to save?
Invest in the stock market
Shop at thrift stores
Open a savings account at a credit union
Cut coupons
5
How much should you save when you get money?
Nothing
25%
At least 10%
50%
6
Who should you pay first?
Your bill collectors
Yourself
Your parents
Your grocery store