Personal Finance Chapter 10

The amount of money deposited by a saver:

• principal

• interest

• discretionary income

• liquidity

Interest paid on the principal plus interest already earned:

• compound interest

• annual percentage yield

• maturity

• liquidity

A rate that includes compounding:

• annual percentage yield

• discretionary income

• maturity

• interest

When your employer puts your paycheck into your bank account:

• direct deposit

• share account

• discretionary income

• savings

Emergencies, weekend trips, and social events:

• short-term needs

• long-term needs

• discretionary income

• annual percentage yield

Income left over after bills have been paid:

• discretionary income

• principal

• saving

• maturity

How easily it can be converted into cash:

• liquidity

• maturity

• FDIC

• principal

Money paid for the use of money:

• interest

• maturity

• liquidity

• principal

When a time certificate must be renewed or canceled and a new one purchased:

• maturity

• liquidity

• annual percentage yield

• interest

Insurance for deposits made in banks:

• FDIC

• principal

• compound interest

• share account