Chapter 21 Key concepts

1. You agree to keep your money deposited for a specific length of time in a certificate of deposit. 2. Only self-employed workers can open a Keogh plan.
3. When you compare a checking account statement with your check register to make sure they agree, you are reconciling your checking account
4. The most common type of credit vehicle is a credit card.
5. Credit can be costly because of high interest rates.