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Saving Money

Fill in the blanks with the correct vocabulary. All of the vocabulary are connected to finance.

VOCABULARY

interest
savings account
Savings and Loan
checking account
Commercial bank
Credit Union
loan
U.S. Savings Bond
deposit
debt
Certificate of Deposit (CD)
withdraw
credit
Individual Retirement Account (IRA)

1. You can put up to $2,000.00 a year in a __________________, and get the money out when you are 59 1/2 yrs. old.

2. The amount of money your savings account earns is called _________________________________.

3. When you borrow money from the bank it means that the bank gives you a _____________________.

4. When you owe someone money, it means that you are in ________________.

5. Seafirst, First Interstate and Key Bank are examples of ____________________________.

6. A _________________ is used when you deposit a certain amount of money over a certain amount of time. With this account you earn higher interest then you do with a regular savings account.

7. In order to buy a house you need to have pretty good ___________________.

8. When you put money into an account you _______________ it.

9. An investment you make with the government which guarantees that you double your money is called a ____________________________.

10. You access a __________________ in order to pay your bills.

11. A non-profit financial institution owned by and operated for its members is a __________________.

12. When you take money out of an account you _____________________.

13. An account where you deposit money every month and try not to touch it is a _________________________________.

14. A ___________________ is like a commercial bank but offers slightly different services. They are known for loaning money to home buyers.

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