Personal Finance - Saving and Investing for the Future

Match it! Select the correct answer from the pull down...Good luck!

A combination savings-investment plan in which an investment firm uses your money to purchase a variety of short-term securities is called a

The more risk associated with an investment, the higher the rate of return is likely to be.

Money deposited into savingsa ccounts grows due to compound interest.

Credit unions generally offer lower interest on savings and higher interest on loans.

The amount of money you have left over when the bills are paid is known as discretionary income.

Emergencies, vacations, social events, and major purchases are examples of long-term needs people save for.

Savings accounts pay dividends, whereas securities pay interest.

When comparing the yields on different accounts at different financial institutions, you should shop around for the lowest APY.