Finance 5.02 Word Scramble
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Term | Definition |
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 | An account that allows quick access to funds for transactions. |
Depository Institution | Businesses that provide financial services. |
Liquidity | How quickly and easily an asset can be converted into cash. |
Money Market Deposit | A account at a depository institution that usually has minimum balance requirements and tiered interest rates. |
Savings account | An account at a depository institution that is designed to hold money not spent on current consumption. |
Savings tools | Accounts offered by depository institutions whose main purpose is to help people manage their money. |
Tiered interest rate | The amount of interest earned depends on the account balance. |
Created by:
Tou Xiong
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