chapter 6 Word Scramble
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| Question | Answer |
| Annual percentage yield | the actual interest rate an account pays, stated on a yearly basis with the compound interest included. |
| Certificate of deposit | a time deposit that earns a fixed rate of interest for a specified length of time. |
| compound interest | interest paid on the original principal plus accumulated interest. |
| liquidity | a measure of how quickly you can get your cash with out loss of value. |
| money market account | A type of savings account that offers a more competitive interest rate than a regular savings account. |
| simple interest | interest computed only on the amount borrowed, without compounding. |
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riveraf
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