Intro2Bus Chapter30

The money you the money you put aside for future use

• savings
• checking
• certificate of deposit (CD)
• Money market fund

The percentage of increase in the value of your savings from earned interest

• compound interest
• money market fund
• liquidity
• rate of return

Interest earned on both the principal and any interest earned on the principal

• savings
• maturity date
• compound interest
• rate of return

Allow consumers to deposit or withdraw money at any time and to earn interest on the funds

• savings
• regular savings account
• certificate of deposit (CD)
• liquidity

Another type of savings account requires you to deposit a specified amount of money in an account for a set period of time

• certificate of deposit (CD)
• money market fund
• regular savings account
• savings

When the money becomes available to you

• liquidity
• inflation risk
• maturity date
• rate of return

A kind of mutual fund, or pool of money, put into a variety of short-term debt by business and government

• money market fund
• savings
• regular savings account
• certificate of savings (CD)

A form of money market fund offered by banks, savings and loans, and credit unions

• regular savings
• savings
• money market fund
• money market deposit accounts

The ability to quickly turn an investment into cash

• inflation risk
• liquidity
• savings
• rate of return

The risk that the rate of inflation will increase more than the rate of interest on savings

• inflation risk
• liquidity
• compound interest
• maturity date