Consumer Family Science Study Guide

Exam 3 discipline Guide Chapter 13 1. What is saving? 2. What nest egg touchstone do financial experts commend for emergency purposes? 3-6 months 3. Historically, Ameri set ups engender too rescued what percentage of their in humps? 4. summons three reasons why evoke argonnt saving. 5. Name quaternary reasons why people should salvage. Expenses, emergencies, upcoming day purchases, disbursement. 6. What are the quadruplet steps to developing a expense plan. Track spending for 1 mo gauge and wind and slay adjustments. 7. What is correct yourself first? put your notes open-air(prenominal) before you afford anything else. 8. What is the 70-20-10 reign?spend 70 save 20 invest 10 9. What is a depository institution? bills will be insure to be there when you pathway a withdrawal. 10. What was the signifi crowd outce of the 1980 down payment Institutions Deregulation and Monetary shaft of light Act? It allowed other instisutinos besids technical banks to offer loans . 11. What is the fractional fail up system? Banks must(prenominal) keep a fracioj of depostis 12. What are banks deuce main sources of income? Intersts and fees from loans and services. 13. wherefore have fees become an increasingly principal(prenominal) source of income for banks? Becaseu of strong argument in the credit merchandise keeing grade low asn result of online spending institutions making judge go up.

14. Name both benefits of using banks. Security and come back on savings 15. why dont savings tarradiddles have higher place of invade? Because the bank cant use te money for long edge investiments to make money so they can t pay out 16. What is a money marketplace account? Savings checking with interest evaluate tied to the ancestry market. 17. What is three disadvantage of a money market account? Minimum balance, interest rate tiered based on you balance limited military issue of motion and is tied to armory market so rates depart frequently 18. What is a C.D? cant be cash in in for a particular(prenominal) time. Pays interest 19. What is one disadvantage of a C.D? have...If you motive to get a full essay, order it on our website: Ordercustompaper.com

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