Vocabulary
What is a plan that shows income and expenses over a period of time?
Budget
A key tool in money management is budget
True or False?
True
Credit is price paid for borrowing money.
False
What is Investing?
act of using money in hope of making a future profit.
What do Investments offer?
different levels of risk and return
Is investing and interest are the same thing
False
A share of ownership in a company is...
Stock
How do banks function?
Keeps money, Makes loans and has other financial servives.
Interest is the act of using money for future use.
False
What is Saving?
setting aside money for future use
Why do people invest money in stocks, bonds, and mutual friends.
convenience and lower costs.
credit unions are nonprofit banks owned by their members.
True
what is bond?
Certificate issued by a company or government promising to pay back borrowed money with interest
What's a Stockbroker?
People that buy and sell stocks and bonds for investors
Bonds are less risky then stocks.
True
What is money management?
process of saving, investing and spending.