Where to stash your cash: savings and investing

What does the acronym FDIC stand for

• Federal Debit Investment Corporation

• Federal Deposit Incorporated Committee

• Federal Deposit Insurance Corporation

• Federal Debt Insolvency Corporation

How much money has been lost on insured deposits since the inception of the FDIC?

• Millions

• Billions

• none

• $500,000

Why do you want to make sure your bank is FDIC insured?

• Allows you to withdraw your money at anytime

• Allows you to invest your money in a mutual fund and know that it is safe.

• In case of bank failure, you will not lose a dime of your insured deposits

• It insures that there will not be bank failures.

Which of the following are safe ways to save?

• Savings Account

• Money Market Account

• Certificate of Deposit

• all of these are safe ways to save

A piece of ownership in a company, mutual fund or other investment.

• liquidity
• share
• risk
• IRA

Professionally managed, diversified investment that pools resources of many investors

• Treasury bonds
• Stock index
• Mutual fund
• Saving account

Debt investment in which investor loans money to an entity, usually corporate or governmental

• Bond
• Stock
• Cash
• Annuity

Ownership in a publicly traded corporation

• CD-certificate of deposit
• Money Market 
• Treasury bill
• Stock

Which of the following is a feature of a money market deposit account?

• No minimum balance requirements
• Unlimited transactions every month
• Tiered interest rates
• The money must remain in the account for a specific period of time.

Which of the following is a feature of a certificate of deposit (CD)?

• Funds deposited in a CD are held for a certain length of time. 
• Funds deposited in a CD have tiered interest rates.
• Funds deposited in a CD are very liquid.
• Funds deposited in a CD can be accessed via check or debit card.