Finance

Money paid to you by a financial institution when you deposit funds there.

• Allowance
• Income
• Interest
• Tips

A ______ account is a great place to store your money so you can continue to grow it and not spend it.

• Checking

• Savings

• 401K

• 503C

You want to make as many _______ as possible with few withdrawls.

• deposits

• withdrawals

• cash

• drops

How much of your take-home pay should you try to save?

• 5%

• 10%

• 15%

• 20%

What is the first step in getting a savings account?

• Saving your money

• Ask a friend

• Picking a bank

• Ask your teacher

__________ is an account that pays a higher interest rate

• interest bearing savings account

• high yield savings account

• mutual funds savings account

A bank account that allows you to deposit/withdraw money at any time and earns interest is a

• money market fund

• money market deposit account

• regular savings account

• certificate of deposit

_______ is a type of demand deposit account that pays interest and allows for regular deposits and withdrawals; make withdrawals whenever you choose

• Interest bearing savings account

• mutual savings account

• high yield savings account

_________ is a type of savings account that typically pays a higher interest rate than regular savings accounts

• money market account

• mutual funds savings account

• high yield savings account

I work 45 hours how many hours is overtime?

• 5
• 4
• 6
• 3