Match the definition with the vocab term it describes.
Match the definition with the vocab term it describes.
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Question 10
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An unplanned decision to buy a product or service made just before a purchase
Impulse purchase
Traditional savings account
Money market account
Tax Sheltered Annuity
Maintenance fee
Interest (on a savings account)
Investment
Emergency fund
Certificate of deposit
Inflation
A monthly deduction from your account for not maintaining a certain balance; the bank charges for the upkeep of your account
Certificate of deposit
Investment
Maintenance fee
Traditional savings account
Tax Sheltered Annuity
Interest (on a savings account)
Emergency fund
Impulse purchase
Inflation
Money market account
A type of savings account that allows a limited number of checks to be drawn from the account each month
Inflation
Certificate of deposit
Emergency fund
Traditional savings account
Impulse purchase
Investment
Maintenance fee
Interest (on a savings account)
Tax Sheltered Annuity
Money market account
A bank account with money set aside to cover large, unexpected expenses
Impulse purchase
Money market account
Tax Sheltered Annuity
Certificate of deposit
Interest (on a savings account)
Investment
Emergency fund
Traditional savings account
Maintenance fee
Inflation
An account that is considered liquid, meaning you can withdraw money today or whenever you need it without paying a financial penalty.
Certificate of deposit
Traditional savings account
Maintenance fee
Impulse purchase
Inflation
Investment
Emergency fund
Interest (on a savings account)
Money market account
Tax Sheltered Annuity
Money earned from keeping your money in an account at a bank. It is usually not very much.
Emergency fund
Tax Sheltered Annuity
Money market account
Certificate of deposit
Impulse purchase
Investment
Traditional savings account
Inflation
Maintenance fee
Interest (on a savings account)
An investment vehicle that lets an employee make pretax contributions into a retirement account from his/her income.
Impulse purchase
Investment
Inflation
Money market account
Emergency fund
Certificate of deposit
Maintenance fee
Traditional savings account
Interest (on a savings account)
Tax Sheltered Annuity
A product offered by banks that provides an interest rate premium in exchange for the customer agreeing to leave a lump-sum deposit untouched for a predetermined period of time.
Traditional savings account
Inflation
Impulse purchase
Interest (on a savings account)
Emergency fund
Tax Sheltered Annuity
Maintenance fee
Investment
Certificate of deposit
Money market account
A general increase in prices and fall in the purchasing value of money.
Investment
Certificate of deposit
Inflation
Interest (on a savings account)
Emergency fund
Tax Sheltered Annuity
Impulse purchase
Money market account
Traditional savings account
Maintenance fee
An asset or item that is purchased with the hope that it will generate income or appreciate in value at some point in the future.