Chapter 4: Managing your Cash and Savings
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Annual percentage yield (APY) | show 🗑
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| show | A nondepository financial institution that
helps its customers buy and sell financial
securities.
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| show | Management of cash payments and liquid
investments.
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| show | Liquid assets held to meet emergency cash
needs.
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| Certificate of deposit (CD) | show 🗑
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| Commercial bank | show 🗑
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| show | The frequency with which interest is calculated
and added to an account.
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| Credit union | show 🗑
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| Demand deposit accounts | show 🗑
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| Depository institutions | show 🗑
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| Discount bonds | show 🗑
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| Federal Deposit Insurance Corporation (FDIC) | show 🗑
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| show | A nondepository financial institution that
obtains funds from premiums paid for life
insurance, invests in stocks and bonds, and
makes mortgage loans.
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| Maturity date | show 🗑
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| show | A mutual fund that holds a portfolio of
short-term, low-risk securities issued by the
federal government, its agencies, and large
corporations and pays investors a rate of
return that fluctuates with the interest
earned on the portfolio.
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| show | A savings account which pays interest that
fluctuates with market rates on money
market securities.
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| show | A nondepository financial institution that
sells shares to investors and invests the
money in financial assets.
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| Mutual savings institution | show 🗑
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| Nondepository institutions | show 🗑
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| show | A type of checking account that pays interest.
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| show | An arrangement by which a financial institution
places funds in a depositor’s checking
account to cover overdrafts.
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| Regular checking account | show 🗑
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| Rule of 72 | show 🗑
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| show | A depository institution that receives funds primarily from household deposits and uses
most of its funds to make home mortgage
loans.
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| show | A savings institution that is owned by stockholders.
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| Stop payment order | show 🗑
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| show | A savings account from which the depositor
may not withdraw money, without penalty,
until after a certain amount of time has
passed.
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| show | Bonds issued by the U.S. Treasury that pay
interest that fluctuates with current Treasury
security rates and that are exempt from
state and local taxes.
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| show | Financial institutions that do not have physical
locations but offer a menu of cash management
accounts, loans, and investments.
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| Wire transfer | show 🗑
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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