| A | B |
|---|
| Money earned on your account is called what? | interest |
| This account incurs a penalty for early withdrawal. | CD |
| In this type of account you can write a limited number of checks | money market |
| A monthly summary is mailed to you showing transactions on the account | statement savings account |
| This company insures your bank deposits in a savings account | FDIC |
| Money is deposited for a certain period of time | CD |
| spreading your money among different accounts is called what? | diversification |
| The process of earning interest on interest is referred to as what? | compounding |
| This investment is considered the most liquid | savings |
| I need to save $4000 in 4 years. What interest do I need? | 18% |
| Which savings plan allows withdrawals w/o a penalty? | savings |
| Interested calculated on the principal as well as on the interest earned is called what? | compound interest |
| What interest rate do I need to double my money in 6 years? | 12% |
| When you own stock, you are called what? | shareholder |
| Sometimes when you own stock you periodically receive something back | dividend |
