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Financial Literacy Vocabulary Flashcards | StudBud
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Financial Literacy Vocabulary
Financial Literacy Vocabulary
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1
the amount of money that is deposited every month
initial amount
number of years
monthly deposit
interest rate
2
an account at a bank where checks can be withdrawn by the account depositor
certificate of deposit
monthly deposit
checking account
savings account
3
the total length of the savings assuming no money has been withdrawn
initial amount
number of years
monthly deposit
initial amount
4
an account that earns interest; depositor may not be able to make withdrawals
interest rate
principal
checking account
savings account
5
the amount of money deposited when the account is opened
monthly deposit
interest rate
number of years
initial amount
6
how much the bank paid you for lending them money
monthly deposit
amount invested
total interest
number of years
7
a nonfinancial account that pays interest based on current interest rates in money markets
Checking Account
Savings Account
Certificate of Deposit
Money Market Account
8
the total of your savings after the number of years
amount invested
checking account
total interest
financial savings balance
9
a time deposit with a maturity date and fixed rate sold by banks and credit institutions
certificate of deposit
checking account
savings account
monthly deposit
