Money 101
The extra money a bank pays you for keeping savings in your account.
Interest
Klarna and Afterpay let shoppers split a purchase into several smaller ones. This is called buy now, pay ___.
Later
The most famous cryptocurrency, whose symbol is BTC.
Bitcoin
'Fintech' is short for these two words.
Financial technology
A small slice of ownership in a company.
A stock (a share)
A card that spends money straight out of your checking account.
A debit card
Venmo and Cash App are best known for letting you do this with friends.
Send money to each other
Crypto is kept in one of these, which works like a digital wallet on your phone or computer.
A crypto wallet
This app lets you send money to friends, and people say 'just ___ me' to ask for payment.
Venmo
The S&P 500 tracks about this many of the biggest US companies.
500
A number from 300 to 850 that tells lenders how reliable you are at paying money back.
A credit score
Tapping your phone or card on a reader to pay is called this kind of payment.
Contactless (NFC)
The second most famous cryptocurrency, with the symbol ETH.
Ethereum
Tapping your iPhone to pay in a store uses this company's wallet, called ___ Pay.
Apple
A bundle of many stocks you can buy in one click is often called this, short for exchange-traded fund.
An ETF
When prices rise over time, so each dollar buys less than before.
Inflation
Stripe is best known for helping businesses do this on their websites.
Accept online payments
This word describes prices that jump up and down a lot, which crypto is famous for.
Volatile (volatility)
This app, named after a legendary outlaw, made it free and easy for beginners to buy stocks.
Robinhood
Spreading your money across different investments so one bad pick doesn't sink you.
Diversification
Earning interest on your interest, so savings snowball over time.
Compound interest
Direct deposit and many bill payments in the US travel over this bank network, known by a 3-letter name.
ACH
Crypto is recorded on this, a shared digital notebook that everyone can read but nobody can erase.
A blockchain
This online payments company, started in the late 1990s, also owns Venmo.
PayPal
IPO stands for this, the day a company first sells shares to the public.
Initial public offering