| A | B |
|---|
| Saving | Money put aside for future use. |
| Investing | Putting your money to use in order to make more money |
| Saving Account | Simplest form of saving |
| Certificate of Deposit | Required minimum deposit for a minimum amount of time. |
| What is the difference between saving and investing? | Investing puts your money to work for you. |
| Which offers the highest rate-a saving account or a certificate of deposit? | Certificate of Deposit |
| What are the three biddest reasons for saving? | Major purchases, emergencies, retirement. |
| Simple Interest | Principal x Rate x Time |
| Debtor | Person that owes money |
| Creditor | Persons that gives credit |
