terms
Money you take out of your account
What is withdrawal?
Any variety of opaque, fusible, ductile, and typically lustrous substances that are good conductors of electricity and heat
What is metal?
Covers deposits in checking, saving, MMDA, and CD
What is FDIC insurance?
Requires you to keep your money in this account for a specific amount of time
What is a certificate of deposit?
A plan that requires administration help and more costs
What is the keogh plan?
A deposit
What is money you put in your account?
High esteemed or cherished
What is precious?
The FDIC insurances coverage is determined by the number of account you own at a FDIC-insured bank (true or false)
What is true?
Known as a hybrid saving account
What is a money market account?
The age you have to be to withdrawal your money from an IRA
What is 59 1/2?
My current balance is $30, and in ten years, it will be $1,693.12
What is interest?
Silver, gold, platinum
What is precious metals?
A transaction fee that is used for international use.
What is foreign transaction fee
Secure, non-marketable, interest-bearing loans made by individuals to the US governemnt
What’s a savings bond
The employer can contribute up to 26% of an employers compensation into this plan
What’s a simplified employee plan?
I have $30 in my account
What is balance?
War and political upheaval caused people to go into this mode
What is gold-hoarding?
If you exceed your balance, you will have to pay a fee
Providing a very low risk and tax advantaged way to save money while earning interest backed by the government
What is a savings bond?
You can make either pre tax or after tax contributions into this plan
What’s a 401(k) plan?
An arrangement made with a bank where one may deposit and withdrawal money and in some cases be paid interest
What is bank account?
There are two metrics that determine what the most precious metal is
What is price and rarity?
If you use an ATM, you will have to pay this fee
What is an out-of-network ATM fee?
This generally earns interest for 30 years, and must be held for one year
What’s a savings bond?
A plan that’s primarily funded by the employer
What’s a pension plan?