Saving
Money Grows
I Like Options
Account Me In
IF YOU DARE
100
The amount of money deposited
What is principal
100
Expenses beyond your regular monthly items
What is short term needs
100
Net pay deposited electronically into your bank account
What is direct deposit
100
Money you have authorized your bank or other organization to move from one account to another at regular intervals
What is automatic deduction
100
A time deposit where a fixed rate of interest is earned for a specified length of time
What is CD
200
Are expenses that are costly and require years of planning and saving
What is long term needs
200
FDIC protects loss for up to
What is $250,000
200
A measure of how quickly you can get your cash without loss of value
What is liquidity
200
Name four out the five reasons people select a savings plan
What is liquidity, safety, convenience, fees, and APY
200
The date on which an investment becomes due for payment
What is maturity date
300
Earnings on principal is called
What is interest
300
Interest paid on the original principal plus accumulated interest
What is compound interest
300
Students can work on campus or other college locations to earn money
What is work study
300
Means you are guaranteed not to lose your savings deposit
What is safety of principal
300
Large sum of cash you pay up front for a home
What is down payment
400
Forms of education funding that do not have to be repaid
What is grants
400
You can authorize your employer to make automatic deductions from your paycheck each period with
What is payroll savings plan
400
Cash allowances awarded to students to help pay education costs are called
What is scholarships
400
Type of mutual fund that invest in low risk securities
What is money market fund
400
A typical down payment for a house is about ____ percent of the purchase price
What is 10-20
500
Savings and checking accounts at a credit union are called
What is share accounts
500
They buy and sell different types of securities
What is brokerage firm
500
When multiple loans are combined into one large loan
What is loan consolidation
500
Organized primarily to lend money for home mortgages
What is savings and loan association
500
The widest variety of banking services is provided at a
What is commercial bank
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