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Starting A Savings Program
Question 1: What is putting money aside in a systematic way to help reach a financial goal?
Question 2: _______ is money you receive for letting others use your money.
Question 3: What is the interest that is computed only on the amount saved?
Question 4: What is the interest that is computed on the amount saved plus the interest previously earned?
Question 5: What is the assurance that the money you have invested will be returned to you?
Question 6: A good _______ plan should earn a reasonable amount of interest.
Question 7: The _____, is also called the rate of return.
Question 8: What is the ease with which an investment can be changed into cash without losing any of its value?
Question 9: Your ______ serve a very useful economic purpose.
Question 10: When an investment can be turned into money quickly, it is said to be a ________________.
Question 11: Our economic system would be significantly weakened without _______________________.
savings and investments
Question 12: The amount of _________ you need will depend upon your personal situation and expected financial needs.
Question 13: Compared to people in most other nations, U.S. consumers save a very ____ percentage of their incomes.
Question 14: Banks, credit unions, and savings and loan associations usually welcome small as well as large savings ________.
Question 15: The offer of a low rate of _____, however, does not guarantee safety.
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