Match the definition with the vocab term it describes.
Match the definition with the vocab term it describes.
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Question 1
1.
An unplanned decision to buy a product or service made just before a purchase
Question 2
2.
A monthly deduction from your account for not maintaining a certain balance; the bank charges for the upkeep of your account
Question 3
3.
A type of savings account that allows a limited number of checks to be drawn from the account each month
Question 4
4.
A bank account with money set aside to cover large, unexpected expenses
Question 5
5.
An account that is considered liquid, meaning you can withdraw money today or whenever you need it without paying a financial penalty.
Question 6
6.
Money earned from keeping your money in an account at a bank. It is usually not very much.
Question 7
7.
An investment vehicle that lets an employee make pretax contributions into a retirement account from his/her income.
Question 8
8.
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.
Question 9
9.
A general increase in prices and fall in the purchasing value of money.
Question 10
10.
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.