Unit 3 – Investing: Making Money Work for You
I. Savings vs. Investing: A. SAVINGS. 1. Depositing money into a financial institution (banks & credit unions) for safekeeping & to earn [a small amount of] interest. 2. Money put away for a . temporary (short-term) time-frame. 3. Easy to get to, easy access. 4. Used to pay for short-term goals. 5. Liquid – can get converted into cash quickly ... ................
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