Consumer Ed. Saving Review

A type of savings plan that pays a higher interest rate than savings accounts, but is not guaranteed by the government.

• Certificate of Deposit

• Money Market Fund

• Savings Account

• Checking Account

Money set aside for a specified length of time at a specified rate.

• Roth IRA

• 403B

• Savings Account

• Certificate of Deposit

Money you have to pay when you borrow, or money you earn when you save

• Principal

• Interest

• the Balance

• Net Income

A savings program where you agree to make regular payments of a set amount in order to help you save money.

• Breakfast Club

• Banking Club

• Savings Club

• Sam's Club

The amount of money you place savings

• Liquidity

• Compound Interest

• Principal

• FDIC

According to the rule of 72, how long would it take you to double your money if you earn a return of 9%?

• 12.5 years

• 5 years

• 8 years

• 3.6 years

Which bank terms for a savings account would be the most beneficial to you?

• 5% compounded annually

• 2% compounded annually

• 2% compounded quarterly

• 5% compounded quarterly

Liquidity deals with

• how risky your investment is

• how safe your money is from loss

• the interest rate the investment pays

• how quickly you can turn investment into cash

______________________ is when your employer automatically puts the money in your account. You do not get an actual check on pay day.

• Automatic Debit

• Cashiers Check

• Paper Check

• Direct Deposit

How much does the FDIC insure your money for that is in the bank?

• 100,000

• 250,000

• 1,000,000

• 10,000,000