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Match it! Select the correct answer from the pull down...Good luck!
With a money market account,
APY
interest
you have a limited number of transactions each month
Rule of 72
bank statement
interest calculated on beginning principal plus any interest that has accumulated
liquid
savings and loan companies and banks
What is used to show how quickly money can double?
APY
interest
you have a limited number of transactions each month
Rule of 72
bank statement
interest calculated on beginning principal plus any interest that has accumulated
liquid
savings and loan companies and banks
Which term describes the fee paid to borrow money or the earnings on money saved and invested?
APY
interest
you have a limited number of transactions each month
Rule of 72
bank statement
interest calculated on beginning principal plus any interest that has accumulated
liquid
savings and loan companies and banks
When your money can be easily accessed and used for many purposes, it is _____.
APY
interest
you have a limited number of transactions each month
Rule of 72
bank statement
interest calculated on beginning principal plus any interest that has accumulated
liquid
savings and loan companies and banks
Another name for the interest rate is
APY
interest
you have a limited number of transactions each month
Rule of 72
bank statement
interest calculated on beginning principal plus any interest that has accumulated
liquid
savings and loan companies and banks
What is compound interest?
APY
interest
you have a limited number of transactions each month
Rule of 72
bank statement
interest calculated on beginning principal plus any interest that has accumulated
liquid
savings and loan companies and banks
A ____ is a regular update from the bank that lists your account activity.
APY
interest
you have a limited number of transactions each month
Rule of 72
bank statement
interest calculated on beginning principal plus any interest that has accumulated
liquid
savings and loan companies and banks
Which institutions are insured by the FDIC?
APY
interest
you have a limited number of transactions each month
Rule of 72
bank statement
interest calculated on beginning principal plus any interest that has accumulated
liquid
savings and loan companies and banks
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