| A | B |
|---|
| Liquidity | how quickly and easily an asset can be converted to cash |
| checking account | the most liquid of all savings tools |
| certificate of deposit | the least liquid saving tool |
| Money market deposit account | this offers tiered interest rates |
| certificate of deposit | deposit have to be held for a certain length of time |
| savings account | great account for storing emergency savings funds |
| checking account | popular among consumers, because it reduces the need to carry large amounts of cash |
| money market deposit account | similar to a savings account but ern higher interest rates and has higher minimum balance/deposit requirements |
| certificate of deposit | an account at a depository institution that is used for a fixed period of time and allows restricted access to the funds deposited. |
| checking account | this savings tool earns the least amount of interest |
| interest | the price for using someone's money |
| compound interest | earning interest on top of interest |
