FINANCIAL FACTS
The largest stock exchange in the U.S. by market capitalization
New York Stock Exchange (NYSE)
A market where stocks are rising is known as this type of market
bull market
The total value of all goods and services produced in a country.
Gross Domestic Product (GDP)
This technology is used to make quick, secure payments with just a tap.
contactless payment
The recommended percentage of your income to save for emergencies.
20%
This credit score range is generally considered “excellent.”
750-850
This type of bond is issued by the U.S. government and is considered one of the safest investments
Treasury bond
The rate at which banks lend money to each other overnight.
federal funds rate
A decentralized digital currency that operates without a central bank
Bitcoin
A financial product that allows you to borrow money up to a certain limit and pay it back later with interest.
credit card
The government agency that regulates the stock market in the U.S.
Securities and Exchange Commission (SEC)
This term refers to buying stocks with borrowed money
margin trading
The practice of spreading investments across various assets to reduce risk.
diversification
The term for using artificial intelligence to analyze financial data and assist in decision-making.
AI-driven finance
The 50/30/20 budgeting rule recommends spending 50% on needs, 30% on wants, and 20% on this.
savings and debt repayment
This billionaire investor is known as the “Oracle of Omaha.”
Warren Buffett
An index that tracks the performance of 500 large U.S. companies
S&P 500
The term for the amount of money left after taxes and essential expenses.
discretionary income
A financial service that allows individuals to lend money directly to others without a bank.
peer-to-peer lending
The term for the minimum amount due on a credit card statement.
minimum payment
This financial crisis led to the creation of the Dodd-Frank Act in 2010
2008 financial crisis
The risk of losing money in an investment due to overall market downturns
market risk
A financial statement that shows a company’s revenues and expenses.
income statement
This technology ensures security and transparency in financial transactions by recording them in a distributed ledger.
Blockchain
his number determines your creditworthiness and affects your ability to get loans.
credit score