Mini-Quiz: Saving Your Money

1. Where would you get money for savings?

   Designate a certain amount for savings right after you get paidThat is correct. You seem like a Finances Champion. Borrow money from a loan office to put in your savings accountSorry, not correct. Try another button. See if you have any money left over at the end of the weekGood try, but not right. Select another answer.

2. Why do so many people buy on credit instead of saving?

   Few people actually buy on credit, so it does not applyOops! Wrong answer. Re-read the question and try again. Credit cards allow you to save money when you use themSorry, not correct. Try another button. Instant gratification is more fun than having to wait to buy somethingCorrect. You must have read the material.

3. What happens to your money if a bank is robbed?

   You are just out of luckOops! Wrong answer. Re-read the question and try again. Your money in the bank is insuredThat is correct. You seem like a Finances Champion. It depends whether the robber re-deposits the money in this bank or anotherGood try, but not right. Select another answer.

Pick an answer to see instant feedback. Re-read the lesson if you miss one.