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Types of Accounts

BTC 30.2

QuestionAnswer
Allows consumers to withdraw or deposit money at any time and to earn interest on the funds. Regular Savings Accounts
An account that requires you to deposit a specified amount of money in an account for a set period of time. Certificate of Deposit
The date when the CD account becomes available to you. Maturity Date
A mutual fund where you pool your money in a variety of short-term loan accounts by business an government. Money Market Fund
Like the money market fund but by financial institutions. Money Market Deposit Accounts
The ability to quickly turn an investment into cash. Liquidity
The risk at which the rate of inflation will increase more than the interest rate on savings. Inflation Risk
A society or organization founded for a religious, educational, social, or similar purpose. Institution
Put, lay, or stand something in a specified place or position. Set
The time during which something continues. Duration
Experienced or done by each of two or more parties toward the other or others. Mutual
Interest earned only on money deposited into a savings account. Simple Interest
Created by: zachary_franz