1
Stocks are _________ (higher/lower) risk compared to bonds.
higher
The federal insurance limit (FDIC) protects up to this dollar amount.
$250,000
A debit card is used with this type of account.
Checking account
Government bonds are generally considered ______ level of risk.
Low Risk
When you open a CD you agree to leave money in for a set period called the ____.
CD stands for _______
Certificate of Deposit
A savings account stores cash safely while earning ________.
Interest
You lend money and get it back with interest later with this.
Government Bonds
Buying a stock means you own a small ___ of a company.
Share
When a CD's term is up, it has reached it M_______________.
Maturity
By law, you can only transfer/take out money from a savings account up to this many times per month before possible fees.
6x per month
True or False: Some index funds contain hundreds of different stocks.
True
Name 3 ways to using money in your checking account.
Debit Card, ATM, Checks
You would have to first deposit it into your checking account, then transfer it to your online account.
A ____ is a special type of savings account that usually offers a higher interest rate.
Certificate of Deposit (CD)
This investment includes many different stocks in one fund.
Index Fund
You have to agree to keep it in for a set amount of time.
Investing in index funds is a way of D________.
Explain why online savings accounts earn higher interest than a regular savings account.
Because online savings accounts don't need to pay for up keeping a building, employees, etc.
This is a type of index fund that invests in the top 500 stocks.
S & P 500