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Everfi-FutureSmart #5 Growing a Business

Name:_____________________________

Date:______________________________
Horizontales
__________ is the amount of money a company makes from sales.
A way it increase the amount of interest earned in a savings account, is to ______ more money into the savings account each month.
A higher percent on an account with interest compounded daily will ______ your money more thanks interest compounded semi-annually or annually.
Frequent ___________ is NOT a benefit of putting money in a savings account.
It is a good idea to put $ into a _______ account to ear interest on your money.
_______ is interest that's generated on both $ you put into the account and the interest you earned on that money.
______ is a type of savings vehicle/account in which you put $ away for a certain amount of time(term) to earn higher interest rates.
Interest is a monetary fee you are charged for _________ money.
________ benefits can include: you can earn interest, it is harder to spend the money in the SA, and the money is safe and secure.
_________ is best described as the decrease in the cost of goods and services.
Verticales
A _______ is when the revenue earned is less than the amount of expenses.
Inflation is when the price of goods or services increases and can be caused by multiple factors in the economy.
If you have $ in a CD (Certificate of Deposit) you may have to pay a _______ if you withdraw $ early.
The basic _____ need to open a checking/savings account can include; picture ID/driver's license, social security number/card, proof of address (lease/utility bill), contact information, date of birth.
The average price of gas has increased from under $2 in 2020 to approximately $3.50 in 2022. This is most likely due to ___________.
This interest-bearing account is good for people who do not need access to their money for longer periods of time to earn higher interest on the principal.
The percentage of interest you either make or pay on a principal amount of money is the ___________.
You usually will need to make an initial deposit of $25 to $100 to open a checking or savings account.
When deciding to open a savings account, review the different account ________ that the bank offers.
A _______ account offers a safe place to store $ and allows you to make regular withdraws using an ATM card, debit card, or personal check.