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Which term describes the fee paid to borrow money or the earnings on money saved and invested?
money market account
liquid
savings and loan companies and banks
interest calculated on beginning principal plus any interest that has accumulated
interest
bank statement
APY
$250,000
A ____ is a regular update from the bank that lists your account activity.
money market account
liquid
savings and loan companies and banks
interest calculated on beginning principal plus any interest that has accumulated
interest
bank statement
APY
$250,000
When your money can be easily accessed and used for many purposes, it is _____.
money market account
liquid
savings and loan companies and banks
interest calculated on beginning principal plus any interest that has accumulated
interest
bank statement
APY
$250,000
For how much are accounts insured by the FDIC?
money market account
liquid
savings and loan companies and banks
interest calculated on beginning principal plus any interest that has accumulated
interest
bank statement
APY
$250,000
What is compound interest?
money market account
liquid
savings and loan companies and banks
interest calculated on beginning principal plus any interest that has accumulated
interest
bank statement
APY
$250,000
A/an _____ often earns more interest than a standard savings account.
money market account
liquid
savings and loan companies and banks
interest calculated on beginning principal plus any interest that has accumulated
interest
bank statement
APY
$250,000
Which institutions are insured by the FDIC?
money market account
liquid
savings and loan companies and banks
interest calculated on beginning principal plus any interest that has accumulated
interest
bank statement
APY
$250,000
Another name for the interest rate is
money market account
liquid
savings and loan companies and banks
interest calculated on beginning principal plus any interest that has accumulated
interest
bank statement
APY
$250,000
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