Q1: Lesson 4 | Savings

Question 1

defined as setting aside of portion of an income, earnings, or allowance

Answer 1

savings

Question 2

the process of making money grow and have a return

Answer 2

investment

Question 3

a government institution to provide insurance coverage to all bank savings deposists up to 500,000

Answer 3

PDIC

Question 4

it is where the bank locks your money for a certain period of time depending on the time frame you agreed to

Answer 4

bank time deposit

Question 5

monetary instruments offered by the government in the financial market for people who are willing to invest their money with low risk and fairly a better return

Answer 5

government bonds

Question 6

type of investment offered by a bank or any authoprized entity, pools of monney from several investors joined together and managed by a professional

Answer 6

mutual funds

Question 7

refers to buying and selling of shares of stock

Answer 7

trade

Question 8

similar to mutual funds except this has a freedom of choice which company to invest rather than the bank

Answer 8

stock market

Question 9

ways of saving

Answer 9

• bank time deposit
• government bonds
• mutual funds
• real estate
• stock market