Studied by 3 people
Liquidity
________ means the ability to quickly turn an investment into cash.
major purchases
People set up and maintain a savings plan for three reasons: to make ________, to provide for emergencies, and to have income for retirement.
Earnings
________ on savings can be measured by the rate of return, or yield.
Brokerage firms
________, which buy and sell stocks and bonds, offer a special type of savings account called a money market fund.
loans
Banks, savings and ________, and credit unions are all insured.
CD
A(n) ________ has a maturity date, which is when the money becomes available to you.
Principal
When ________ and interest are left in an account, it earns compound interest.
Inflation
________ is a general increase in the cost of goods and services.
brokerage firms
Banks, savings and loans, savings banks, credit unions, and ________ all offer several types of savings accounts.
People set up and maintain a savings plan for three reasons
to make major purchases, to provide for emergencies, and to have income for retirement
Note 
Flashcard (45)