Saving & Investing

Front

What is a savings account primarily used for?

Back

Storing money safely while earning a little interest

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DOK Level 1: Recall

Front

Which type of savings account typically offers the highest interest rate? Options: Basic savings account, Certificate of Deposit (CD), Checking account, Money market account

Back

Certificate of Deposit (CD)

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DOK Level 1: Recall

Front

T/F. Bonds are generally considered a Safer investment than a stock share.

Back

True

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DOK Level 1: Recall

Front

The Federal Reserve impacts Market Rates of Interest by manipulating the money supply.

Back

True

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DOK Level 1: Recall

Front

A contract between an individual and the financial institution that specifies the length of time that the individual will have a certain amount of money deposited in the account and the interest rate earned.

Back

Certificate of Deposit (CD)

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DOK Level 1: Recall

Front

The interest rate that takes the compounding frequency into account

Back

APY

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DOK Level 1: Recall

Front

Who's main job is to:
Make sure that companies that offer stock for public sale provide accurate information.
Make sure they obey established rules designed to make the stock market fair for everybody.

Back

SEC

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DOK Level 1: Recall

Front

A type of savings account created by the government to encourage people to save for retirement

Back

IRA

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Front

What has the same contribution limits as a traditional IRA, but the contributions are not tax deductible; the earnings, however, are not taxed after withdrawal?

Back

Roth IRA

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DOK Level 1: Recall

Front

Regular Interest payments on a bond

Back

Coupon Payments

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DOK Level 1: Recall