Economics, Chapter 14

agency of the federal government that insures money deposited into banks

certificates stating that a person has made a deposit for a fixed period of time at a fixed interest rate

The ability to withdraw funds from a savings account

• liquidity

• money market account

• certificate of deposit

• finance

the amount of money earned if left deposited in a savings account for one year

• annual percentage rate (APR)

• finance charge

• variable rate

• deposit

type of savings account that usually requires a minimum deposit of $500 or more but that earns a higher interest rate than a simple savings account

• debit account

• checking account

• money market account

• certificate of deposit

the amount investors receive as a payment for use of their money

• share

• return

• stock

• bond

special fund in which people pool their money to buy a variety of investments

• corporations

• mutual fund

• real estate

• common stock

a share in the ownership of a corporation

to purchase stock in several companies to reduce the risk of loss

• mutual funds

• common stock

• liquidity

• diversify

type of investment that includes land and the buildings on it