Archive for the ‘Financial Services’ Category

Personal Financial management help?

Saturday, April 5th, 2008
kiss_me_xoxo_05 asked:


Match each of the terms with the correct definition.
A. Savings Plan
B. Cash Management Tool
C. Saving
D. Savings Account
E. Money Market Deposit Account
F. Checking Account
G. Certificate of Deposit

Portion of income not spent on current consumption.

An insured interest earning savings instrument with restricted access to the funds.

Tool used to transfer funds deposited into the account to make a cash purchase.

An account to hold money not spent on consumption.

A financial account used to assist with daily cash management including checking accounts, savings accounts, money market deposit accounts, certificates of deposit, and savings bonds.

A government insured account offered at most depository institutions.

A strategy for putting a portion of money from current income aside, which will not be spent on consumption, to reach a specified goal.

Ellen