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Williams Consumer Ed

Chapter 12 Study Guide

QuestionAnswer
True or False: Investing is committing money for the purpose of making profit over time. True
What does AYP stand for? Annual Percentage Yield
Why should you avoid withdrawing money from a CD before the end of its term? You will be charged an expensive fee
True or False: The main purpose of saving is to set aside money for some anticipated future need. True
What is the simple principle that guides successful savings plans? Pay yourself first
What is the most liquid savings option? Savings account
How easy it is to turn savings into cash money is known as... liquidity
Created by: ebonyw411
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