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What Does It Mean? Match the terms associated with managing your cash and savings accounts on the left with the descriptions of the terms on
What Does It Mean? Match the terms associated with managing your cash and savings accounts on the left with the descriptions of the terms on the night. Read each description carefully and type the letter of the description in the Answer column next to the correct term. Hint: These are not necessarlly complete definitions, but there is only one correct answer for each term. Cashier's check G. This is the term applied to the normal, day-to-day administration of an individual's or family's cash and near-cash, or liquid assets. Time deposit H. This is the general name given to an account that allows the account holder to access the funds through a variety of banking options such as ATM withdrawals, online banking, using debit card or through a teller. Simple interest 1. This is the general name given to deposits held by investors who are willing to invest their funds for longer periods of time and interested in earning higher interest rates than are available on demand deposits, Depository institution 2. This is the name given to the interest earned on the sum of the initial deposit and previousiy earned interest
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