This a lesson on personal finance, on how to save money$$$.
1- Open Word and put your first name
3- Type the following questions to WORD
What is a savings account?
How do you make money through a bank?
Define interest?
What two types of interest are named?
When does interest work in your favor?
Banks pay interest in two ways. What are they?
_______________________ interest makes your savings grow faster.
4-Access the WEB SITE below and click on the "User Options" on the right- hand side, and click index to access Unit 3
5-Listen to Unit 3 and respond to the questions you typed on WORD
6- Copy WORD document and paste to comment
When this lesson is complete you may access the WEB SITE below with teacher approval
What is a savings account?- A deposit account at a bank or savings and loan which pays interest, but cannot be withdrawn by check writing.
ReplyDeleteHow do you make money through a bank?-by loans and intrest
Define interest?- The fee charged by a lender to a borrower for the use of money
What two types of interest are named?-compuond simple
When does interest work in your favor?-when you are the person loaning
Banks pay interest in two ways. What are they?-check,credit
__compound_____________________ interest makes your savings grow faster.
Corey
ReplyDeleteSaving is income not spent, or deferred consumption.
A bank is a financial intermediary that accepts deposits and channels those deposits into lending activities, either directly or through capital markets.
What is a savings account? Savings accounts are accounts maintained by retail financial institutions that pay interest but can not be used directly as money.
How do you make money through a bank?savings acount
Define interest? Interest is a fee paid on borrowed assets.
What two types of interest are named?simple and compound
When does interest work in your favor?It makes your money grow.
Banks pay interest in two ways. What are they?
________________simple_______ interest makes your savings grow faster.
What is a savings account? Savings accounts: are accounts maintained by retail financial institutions that pay interest but can not be used directly as money. These accounts let customers set aside a portion of their liquid assets while earning a monetary return.
ReplyDeleteHow do you make money through a bank? When you deposit money in a savings account, the bank pays you a percentage per year in interest. Right now it's not less than 1% or more than 1%. You might get a better deal through an online bank like INGDirect.
Define interest? Interest: The fee charged by a lender to a borrower for the use of borrowed money, usually expressed as an annual percentage of the principal; the rate is dependent upon the time value of money, the credit risk of the borrower, and the inflation rate. Here, interest per year divided by principal amount, expressed as a percentage.
What two types of interest are named? The return earned on an investment. And the Partial or total ownership in an asset.
wilkie d
Kevin,
ReplyDeleteSavings accounts are accounts maintained by retail financial institutions that pay interest but cannot be used directly as money ( for example, by writing a cherub). These accounts let customers set aside a portion of their liquid assets while earning a monetary return.
Banks make money by lending your money out at interest and by charging you for services provided.
Interest is a fee paid on borrowed assets. It is the price paid for the use of borrowed money, or, money earned by deposited funds
There are two different types of executor interests: shifting and springing
The mention of compound interest will usually arouse knowing nods in the room. However, if everyone seriously understood what compound interest is, then there wouldn’t be as many people falling into the depths of bankruptcy due to credit card debts. Without a doubt, financial institutions are making the most out of this moneymaking concept to the disadvantage of the debtors a.k.a. general public.
Savings accounts are accounts maintained by retail financial institutions that pay interest but cannot be used directly as money ( for example, by writing a cherub). These accounts let customers set aside a portion of their liquid assets while earning a monetary return.
Bank- An organization, usually a corporation, chartered by a state or federal government, which does most or all of the following: receives demand deposits and time deposits, honors instruments drawn on them, and pays interest on them; discounts notes, makes loans, and invests in securities; collects checks, drafts, and notes; certifies depositor's checks; and issues drafts and cashier's checks.
Compound interest makes your savings grow faster.
Michael m
ReplyDeleteSaveings. Portion of disposable income not spent on consumption of consumer goods but accumulated or invested directly in capital equipment or in paying off a home mortgage,
Bank. An organization, usually a corporation, chartered by a state or federal government, which does most or all of the following: receives demand deposits and time deposits, honors instruments drawn on them, and pays interest on them; discounts notes, makes loans, and invests in securities; collects checks, drafts, and notes; certifies depositor's checks; and issues drafts and cashier's checksor indirectly through purchase of securities.
savings account?
A savings account typically refers to an account in which one places money to earn a small amount of interest. Unlike a 401k or an IRA, the savings account funds are usually easily accessible, though some banks do charge for withdrawing money early. In most cases, people can withdraw money from a savings account at any time, at least at any time the bank is open, or one has access to the bank’s ATM.
How you make money through a bank? Are you awkwardly referring to "interest?" When you deposit money in a savings account, the bank pays you a percentage per year in interest. Right now it's not very much--way less than 1%. You might get a better deal through an online bank like INGDirect
What two types of interest are named?Bugeting and money
When does interest work in your favor?when you are making the money
Devin Fanaris
ReplyDeleteSavings - a fund of money put by as a reserve
Banks- An organization, usually a corporation, chartered by a state or federal government, which does most or all of the following: receives demand deposits and time deposits, honors instruments drawn on them, and pays interest on them; discounts notes, makes loans, and invests in securities; collects checks, drafts, and notes; certifies depositor's checks; and issues drafts and cashier's checks.
What is a savings account?
How do you make money through a bank? Interest
Define Interest? The cost of borrowing money, usually expressed as a percentage per year.
What two types of interest are named? Simple and Compound interest
When does interest work in your favor? When you envest money into the bank.
Banks pay interest in two ways. What are they? When you envest and idk
_Compuond_ interest makes your savings grow faster.
Hey Guys, Don't think I won't remember how well some of you have done!!
ReplyDeleteWe had the BEST teacher in the world teaching us today Mr. G!
ReplyDelete