Key words & concepts for savings
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
|
|
||||
|---|---|---|---|---|---|
| Bank | A financial institution that allows its customers to save and borrow money
🗑
|
||||
| Building Society | A financial institution that specializes in providing mortgages to its customers
🗑
|
||||
| Credit Union | This is a cooperative owned by a group of savers and borrowers who have something in common, such as living in the same area or working in the same industry.
🗑
|
||||
| Savings | Not spending some of your money
🗑
|
||||
| Regular Savings a/c | You pay a regular monthly amount into your account
🗑
|
||||
| Instant Access Savings a/c | More flexible as a regular savings account as you have instant access to your funds, but the rate of interest would be lower
🗑
|
||||
| Lump Sum Savings a/c | You invest a lump sum of money for a set period of time. The rate of interest is higher the larger the lump sum you invest.
🗑
|
||||
| Interest | The money you earn on your savings
🗑
|
||||
| DIRT | Deposit interest retention tax. This is a tax on the interest earned on savings.
🗑
|
||||
| Investment | Putting your money in a financial institution where it can earn interest
🗑
|
||||
| Stocks & shares | A stock is a stake in a company with the hope of earning a dividend/ return from your investment.
🗑
|
||||
| Dividends | Return on an investment
🗑
|
||||
| Bonds | This is when companies and the government need to raise money for specific projects. If you buy a bond you are loaning your money to a company or the government.
🗑
|
||||
| Tracker Bond | Tracker bonds are fixed-term investments where typically the bulk of your money
is invested in a deposit based account and the rest is invested in the stock market
🗑
|
||||
| Stock Market | The market in which shares of publicly held companies are issued and traded.
🗑
|
||||
| Deposit Based Account | A type of savings account where the account holder receives interest on the money they have in their account.
🗑
|
||||
| Property | Buying your own house to live in or rent. A piece of real estate.
🗑
|
||||
| Depressed Economy | An economy that has experienced a long term downturn in economic activity
🗑
|
||||
| Negative Equity | where your property is worth less than the mortgage you owe on it
🗑
|
||||
| Pension | This is a way to save money for when you retire.
🗑
|
||||
| Retirement | When you finish up working at a certain age
🗑
|
Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Created by:
moneysense
Popular Finance sets