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Weekly Quiz 6
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Question 1 of 1
Drag the correct word or phrase to the right-hand column next to its definition.
- Emergency fund
- Pay Yourself First
- Direct deposit
- Online banking
- Time Value of Money
Money saved to help cover unexpected expenses
Putting money into an asset (such as a stock, bond, or mutual fund) with the expectation that it will grow over time, but with the risk that it will not
The idea that consumers should routinely and automatically put money into savings before spending on anything else
Setting aside income or money for future spending
Electronic transfer of a payment from the account of the payer to the account of the recipient
Customers make financial transactions through the financial institution's website
Money available now is worth more than the same amount of money in the future due to its potential earning capacity