They have limited operating hours during the day.

They sometimes offer free services.

They charge high fees.

They delay when you can access your cash.

They offer bad deals where you'll owe a lot more than you borrowed.

They charge low fees.

They can take a percentage of your check on top of fees.

They make it easy to fall into a loan cycle that is hard to get out of.

Checking account

Savings account

Money market account

Certificate of deposit

Retirement account

Money market account

Checking account

Certificate of deposit

Checking Account

Savings Account

Money Market Account

Certificate of Deposit

True

False

One that compounds interest daily.

One that earns simple interest monthly.

One that earns simple interest daily.

One that compounds interest monthly.

One that compounds interest daily.

One that compounds interest monthly.

One that earns simple interest daily.

One that earns simple interest monthly.

To avoid spending more than what is in your account.

To detect any errors in your account.

To determine if you were charged any fees.

All of the above

Check your bank statement once a month.

Ask your financial institution to notify you when you are close to $0 in your account.

Keep your own records to compare with your financial institution's records.

None of the above

Contact your financial institution to read your transactions for the past month.

Compare your own records of your spending with your financial institution's records.

Review your bank statement once at the end of the month.

None of the above.

Ask someone nearby for help using the ATM.

Find a hidden ATM so no one will see you withdraw money.

Inspect the ATM to make sure it wasn't tampered with.

Share your pin number with trusted friends so you don't forget it.

Make sure it is hidden so no one will see you withdraw money.

Ask someone nearby for help using the ATM.

Share a picture of your debit card with your friends.

Check for any suspicious people lurking nearby.

Inspect the ATM and its surroundings to make sure it is safe to use.

Ask someone nearby for help using the ATM.

Share your pin number with trusted friends so you don't forget it.

Memorize your debit card number because you'll need to type in in at the ATM.

Savings accounts pay interest on the money you deposit.

Savings accounts allow an unlimited amount of withdrawals each month.

Savings accounts may require you to maintain a minimum balance to avoid paying a fee.

Savings accounts are best used to store money for longer-term goals.

Savings accounts pay interest on the money you deposit.

Savings accounts limit the number of withdrawals that can be made each month.

Savings accounts don't usually require a minimum balance.

Savings accounts are best used to store money for longer-term goals.

Savings accounts don't usually pay interest on the money you deposit.

Savings accounts limit the number of withdrawals that can be made each month.

Savings accounts may require you to maintain a minimum balance to avoid paying a fee.

Savings accounts are best used to store money for longer-term goals.

If there is a mistake on one of your bank accounts, there is nothing you can do about it.

If there is a mistake on one of your bank accounts, you should wait 30 days as these issues tend to resolve themselves.

If there is a mistake on your bank account, you should contact your financial institution immediately.

None of the above.

The CFPB

No one, you can't resolve the issue

The local police station

Your financial institution

The local police station

Your bank

The CFPB

All of the above

True

False

On average, putting money in a savings account earns a higher return than investing money in the stock market.

Investing is riskier than putting money in a savings accounts.

Investing is best for short-term financial goals.

Investing is a guaranteed way to make money.

short-term financial goals, like building an emergency fund.

earning a little interest while keeping your money safe.

long-term financial goals, like paying for retirement.

guaranteed fast growth on your money.

Investing is a guaranteed way to grow your money.

Investing is riskier than putting money in a savings account.

Investing is best for long-term financial goals, like paying for retirement.

On average, investing money in the stock market earns a higher return than putting money in a savings account.

A type of debt investment that acts like a loan.

A type of investment that invests in a mix of different types of investments.

A share of ownership in a company.

A type of savings account that pays interest based on current interest rates in the money market.

bond

stock

mutual fund

money market account

A type of debt investment that acts like a loan.

A share of ownership in a company.

A type of investment that invests in a mix of different types of investments.

A type of savings account that pays interest based on current interest rates in the money market.

A stock is a share of ownership in a company.

A stock is a type of debt investment that acts like a loan.

A stock is a type of investment that invests in a mix of different types of investments.

A stock is a type of savings account that pays interest based on current interest rates in the money market.