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Money Management

Chapter 30.1 and Chapter 30.2 Madi Gordon

QuestionAnswer
The money you save Savings
the percentage of increase in the value of your savings from earned interest rate of return
the interest earned on both the principle and any interest earned on the principle. compound interest
allow customers to deposit or withdraw money at any time and to earn interest on the funds. regular savings accounts
requires you to deposit a specified amount of money in an account for a set period of time certificate of deposit
when the moeny becomes available to you. maturity date
kind of mutual fund, or pool of money, put into a variety of short-term debt by business or government money market fund
Banks, savings and loans, and credit unions have their own form of money market fund money market deposit accounts
the ability to quickly turn an investment into cash liquidity
the risk that the rate of inflation will increase more than the rate of interest on savings inflation risk
when you save money, you are putting off spending that money on an item that you might want opprotunity cost
interest earned only on money deposited into a savings account. simple interest
someone with special knowledge or ability experts
to mention or imply as a possibility suggest
a distinct part in an enumeration, account, or series. item
to increase gradually in quantity or number accumulate
an established organization or corporation institution
put into a position set
time during which something exists or lasts duration
shared in common mutual
Created by: madilyn_gordon