Click_n_Learn: Plan It

Savings Vehicles - Question 1

Which is more liquid (easily sold for cash)?

A Regular Savings Account - Correct! If you cash in a share certificate of deposit (CD) before the date of maturity, you’ll incur a penalty. There’s no penalty for taking money out of a regular savings account at any time, which means it’s more liquid than a certificate of deposit.

Go on to Question 2


INTRODUCTION TERMINOLOGY 1 - SMART GOALS 2 - SPENDING PLAN 3 - SAVING 4 - INVESTING 5 - DEBT REDUCTION 6 - HOME OWNERSHIP PITFALLS AM I READY?
	Savings Vehicles - Question 1 Which is more liquid (easily sold for cash)? A Regular Savings Account - Correct! If you cash in a share certificate of deposit (CD) before the date of maturity, you’ll incur a penalty. There’s no penalty for taking money out of a regular savings account at any time, which means it’s more liquid than a certificate of deposit. Go on to Question 2