Personal Finance (Accounts)

A checking account is a ______ _______held at a financial institution that allows withdrawals and deposits.

• Deposit Account

• Savings Account

• Withdrawal Account

• Interest-Bearing Account

A savings account is a(n) ___________ deposit account held at a bank or other financial institution.

• Deposit Account

• Spending Account

• Withdrawl Account

• Interest-Bearing Account

A brokerage account is an _______ _______used to buy and sell securities such as stocks, bonds, mutual funds, and ETFs.

• Spending Account

• Deposit Account

• Investment Account

• Withdrawal Account

To open a checking account you need identification, proof of address, opening deposit, and _________.

• Proof of Insurance

• Reference

• Application

• Loan

A mutual fund is a financial vehicle that pools _____ from shareholders to invest in securities like stocks, bonds, money market instruments, and other assets.

• Assets

• Credit

• Debit

• Liabilities

An ETF is

• A type of pooled investment security that operates much like a mutual fund

• A bank account for everyday expenses

• Debt securioty, like an IOU

• Designed to hold money you do not plan to spend immediately

A Stock is

• A debt security, like an IOU

• Capital raised by a business or corporation through the issue and subscription of shares

• A bank account for everyday expenses

• Designed to hold money you do no plan to spend immediately

A Bond is

• Designed to hold money you do not plan to spend immediately

• A type of pooled investment security that operates much like a mutual fund

• A bank account for everyday expenses

• A debt security, like an IOU

A Checking Account is

• A type of pooled investment security that operates much like a mutual fund

• A debt secuirty, like an IOU

• A bank account for everyday expenses

• Designed to hold money you do not plan to spend immediately

A Savings Account is

• A debt security, like an IOU

• Designed to hold money you do not plan to spend immediately

• Capital raised by a business or corporation through the issue and subscription of shares

• A bank account for everday expenses