Hooray! You are almost done with module three! Next, we’ll test your knowledge on Savings Accounts!
After completing these practice questions, you will move into the next module.
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Question 1 of 10
1. Question
It is wise to identify your goals as a good starting point when you want to start saving money.
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Question 2 of 10
2. Question
It is not necessary to create a budget when trying to achieve your goals.
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Question 3 of 10
3. Question
Your necessities shouldn’t exceed 50% of your net income.
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Question 4 of 10
4. Question
You only need to review your budget once a year.
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Question 5 of 10
5. Question
FDIC stands for the Federal Deposit Individual Corporation.
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Question 6 of 10
6. Question
The money you deposit in your bank account is federally insured up to $250,000.
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Question 7 of 10
7. Question
Money Market accounts require a higher minimum balance than regular savings accounts.
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Question 8 of 10
8. Question
There is no penalty if you withdraw money early from your Certificate of Deposit of Account.
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Question 9 of 10
9. Question
High Yield accounts are only available in your traditional brick and mortar financial institutions.
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Question 10 of 10
10. Question
Savings Bonds are a type of high-risk savings plan.
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