1. Open Checking and Savings Accounts

According to the essay, what is one of the biggest reasons to have a savings account?
1. To pay for vacations
2. To have money to draw from in case of an emergency
3. To avoid paying taxes
4. To get a free debit card
What is a debit card tied to?
1. A savings account only
2. A credit card account
3. A checking account
4. A loan account
What is a direct withdrawal from your checking account called?
1. A credit card payment
2. A check
3. A debit card transaction
4. A savings bond
Which organization insures most savings and checking accounts in the United States?
1. The Federal Reserve
2. The state government
3. The United States Government
4. The local police department
According to the essay, where is your money safer?
1. At home in a safe
2. In a bank
3. In your wallet
4. Under your mattress