Banking
This man is credited with starting the formal banking system in America. He was killed in a duel.
Who is Alexander Hamilton
This is a financial website we learned about in class
Any mentioned in class:
i.e. Yahoo
This represents ownership in a corporation
What is Common Stock
This Greek letter represents stock price volatility
What is Beta
Name any of our Career Connections guest speakers (First Name)
Who are:
AJ, Sarah, Morgan, Gabe, Alex, Peter, Lydia, Shyamal
The seizure and forced sale of a home due to payment default
What is a Foreclosure
Mortgage-backed securities, careless investments among hedge funds and banks, and people not paying their mortgages all led to this financial crisis
What is the 2008 Banking Crisis
A loan where the interest rate never changes
What is a Fixed Rate loan
Highly rated bonds are called investment grade. Low rated bonds are called this
What is a Junk/Speculative Bond
The height of the observation deck at the One World Trade Center (+/- 100 FT)
1,268 Ft
This Federal Reserve Regional Bank is the most powerful of the 12
What is the New York FED Bank
This type of fund invests in specific industries
What is a Sector Fund
This 3-digit score, typically ranging from 300 to 850, is used by lenders to evaluate your creditworthiness and likelihood of paying back debt
What is FICO/Credit Score
Stock Price per Share / Earnings per share
What is Price Earnings Ratio
What was the name of our tour guide
Emily
Character, Capacity, Collateral, Capital and Conditions are referred to as what?
What are the 5 C's of Credit
What Index tracks the performance of the largest publicly traded US-based companies
What is the S&P500
Unlike a traditional IRA where contributions are tax-deductible now, this type of retirement account lets you contribute post-tax dollars so your withdrawals in retirement are completely tax-free
What is a Roth IRA
The overall rate of return on a bond held to the end of its term
What is Yield to Maturity
What is the fictitious place in Tibet that is described in a 1933 novel of great beauty and peace
What is Shangri-La
The difference between a bank's lending rate and interest rate
What is Net Interest Margin
S&P is a bond rating company; what is the other one we learned about in class?
What is Moodys
Financial advisors recommend keeping 3 to 6 months' worth of living expenses in cash reserved in this safety-net account for unplanned job losses or medical bills
What is an Emergency Fund
The minimum rate of return an investor feels should be earned on a given amount of risk taken
What is the Required Rate of Return
Prof. Gosslin worked in a consulting firm. During that time he was privileged to work on this major hedge fund bankruptcy
Hint: they were male siblings
Leman Brothers