Please define the following terms. (1 point each) Savings tool Federal Deposit Insurance Corporation (FDIC) Match the following savings tools with the correct definition. (1 point each) A. Certificate of Deposit B. Checking Account C. Market Deposit Account D. Savings Account E. Savings Bond 3. ____ Used to hold money not spent on current consumption. 4. ____ A tool used to transfer deposited into the account to make a cash purchase. 5. ____ A discount bond purchased for 50% of the face value from the government. 6. ____ An interest earning savings tool allowing restricted access to the funds. 7. ____ A government insured account offered at most depository institutions. Please complete the following questions. 8. Name three ways to access funds in a checking account. (3 points) 9. Describe two features of a savings account. (2 points
Please define the following terms. (1 point each) Savings tool Federal Deposit Insurance Corporation (FDIC) Match the following savings tools with the correct definition. (1 point each) A. Certificate of Deposit B. Checking Account C. Market Deposit Account D. Savings Account E. Savings Bond 3. ____ Used to hold money not spent on current consumption. 4. ____ A tool used to transfer deposited into the account to make a cash purchase. 5. ____ A discount bond purchased for 50% of the face value from the government. 6. ____ An interest earning savings tool allowing restricted access to the funds. 7. ____ A government insured account offered at most depository institutions. Please complete the following questions. 8. Name three ways to access funds in a checking account. (3 points) 9. Describe two features of a savings account. (2 points
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