saving and investing vocab
Authored by Rebecca Wood
Financial Education
12th Grade
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48 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
an account at a depository institution that is used for a fixed period of time and allows restricted access to the funds transactions.
certificate of deposit
checking account
depository institution
savings tools
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
an account that allows quick access to funds for transactions
checking account
saving tools
tiered interest rate
money market deposit account
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
businesses that provide financial services
depository institutions
savings account
tiered interest rate
checking account
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
an account at a depositiory institution that usually has minimum balance requirements and tiered interest rates
money market deposit account
savings account
tiered interest rate
savings tools
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
an account ata depository institution that is designed to hold money not spent on current consumption
savings account
tiered interest rate
savings tools
checking account
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
accounts offered by depository institutions whose main purpose is to help people manage their money
savings tools
tiered interest rate
compound interest
saving
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the amount of interest earned depends on the account balance
tiered interest rate
principal
liquidity
interest
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