Popular Saving's options
Saving and Investing
Interest and Money
Interest and Money .02
Bonds and Stock
100
Pros: Low minimum Balance requirement, able to remove or add money to the account, interest is applied to the account, usually each month or quarter, insured Cons: Low interest rates which may change over time.
What is Saving's Account
100
Interest
What is an amount paid to use someone's money, usually a percentage of the amount deposited
100
Wealth is what you _____ not what you make.
What is accumulate
100
an item of value that can be converted into cash
What is assets
100
Face value
What is the amount a bond is sold for
200
Pros: Higher Interest rates than with regular savings accounts, able to remove or add money to the account, interest is applied each month, Insured Cons: May limit how many times money can be removed each month, required first deposits are higher than for regular savings accounts, may require a minimum balance to a void fees
What is Money Market Deposit Account (MMDA)
200
Setting aside money you don't spend so it could be used later.
What is saving
200
When prices go up
What is Inflation
200
something owed to another person
What is liability
200
buying a share of a company
What is stock
300
Pros: Higher interest rates than for regular savings accounts and MMDAs, Interest rate stays the same for a specific length of time, interest might be applied more often than with savings accounts or MMDAs, Insured. Cons: Low interest rates, Money isn't available until a specific date, penalties for cashing in early
What is Certificate of Deposit (CD)
300
buying something with the expectation that it will make money
What is investing
300
_____ is much more powerful than the amount you invest
What is time
300
provides regular earnings
What is Income investments
300
a seller of stocks and bonds
What is a broker
400
Pros: Buy in amounts of as little as $25, Fixed interest rate for up to 30 years. Cons: interest adds up but isn't paid until you cash in, low interest rate, penalty if cashed within the first 5 years.
What is U.S. Savings Bond
400
principle
What is The initial amount deposited that will acquire interest
400
A= P(1 + r/n)^nt
What is compounding interest formula
400
delayed gratification, can have very big gains and losses.
What is Growth investments
400
an amount paid in cash or shares of stock based on the amount of stock shares owned
What is dividend
500
4 Popular Savings options
What is Savings account, MMDA, CD, U.S. Savings Bond
500
Example of a windfall
What is work bonususes, inheritances, tax refunds, or any other unexpected chunks of money
500
Simple interest rate Formula
What is I= P x R x T
500
lending money to the government or a company
What is bond
500
NYSE and NASDAQ are 2 types of ______
What is stock exchanges
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