Cash Equivalents

Problems: 1. List three reasons why we need cash equivalents. 2. What is the Truth in Savings Act and its importance? 3. Describe APY and how it's calculated. 4. Do we want more or less compounding periods for our savings account? 5. What bank do you use? Why? 6. What are the primary differences (4) between and EE and I Savings Bonds? 7. What are the differences between savings, money market accounts, and CDs? 8. What is the primary purpose of a money market mutual fund? 9. Realistically, how much should you have in your emergency fund? Based on this answer, how will you grow your emergency fund and where (institution) will you hold your money? Go to bankrate.com and tell us which bank and why