| A | B |
|---|
| Credit unions | have members that possess a common bond |
| Savings | portion of income not spent on consumption (provides foundation for financial security) |
| Investing | purchase of assets with the goal of increasing future income (i.e., retirement) |
| Liquidity | how quickly an asset can be turned into cash |
| How to increase wealth | Increase assets; decrease liabilities |
| Compounding interest | earning interest on interest |
| trade off | giving up one thing for another |
| net gain | when income is greater than expenses |
| principal | original amount of money saved or invested |
| online banking | feature of depository institutions that allows customers to complete certain transactions from a secured Internet site |
| Commercial banks | for-profit depository institution |
| Asset | a useful or desirable thing or quality; economic resources |
| Liability | something that is a hindrance or puts one at a disadvantage |
