PF Unit 3 Test

Front

Where should your funds be held for immediate needs? Options: Checking Accounts, Savings/CD's/Money Market Accounts, Investment Accounts

Back

Checking Accounts

Front

Where should your funds be held for intermediate term needs? < 3 years (Options: Checking Accounts, Savings/CD's/Money Market Accounts, Investment Accounts)

Back

Savings/CD's/Money Market Accounts

Front

Where should your funds be held for long term needs? > 3 years (Options: Checking Accounts, Savings/CD's/Money Market Accounts, Investment Accounts)

Back

Investment Accounts

Front

Initial amount of money borrowed or deposited.

Back

Principal

Front

Money earned from savings or additional money paid from borrowing

Back

Interest

Front

Actual interest rate on a yearly basis with compounding included

Back

APY

Front

Additional charges for activities added to balances

Back

Fees

Front

Savings option with high liquidity, lowest risk, lowest return

Back

Savings account

Front

Savings option with more competitive interest rates and no penalties for early withdrawal

Back

Money Market Account

Front

Savings option with penalties for withdrawal prior to maturity date.

Back

CD