Banks
What is a deposit?
This is the money you put into a bank account.
What is a budget?
A plan for how you will spend and save your money.
What is revenue?
The amount of money a business makes from selling goods or services.
What is risk?
The chance of losing money in a business or investment.
What is risk tolerance?
This describes how comfortable someone is with taking financial risks.
What is a withdrawal?
This is money you take out of a bank account.
What is income?
Money you receive regularly from a job.
What is a loss?
When a business’s expenses are higher than its revenue.
What is reward?
The potential gain or benefit from taking a risk.
What is low risk tolerance?
Someone who avoids risky investments has this type of risk tolerance.
What is a savings account?
This type of account earns interest on your money.
What are fixed expenses?
Expenses that stay the same each month, like rent.
What is an entrepreneur?
A person who starts and runs their own business.
What is return?
Investments like stocks usually have higher risk but potentially higher
What is time?
Younger investors often have higher risk tolerance because they have more of this.
What is a debit card?
This card allows you to spend money directly from your bank account.
What are variable expenses?
Expenses that can change each month, like entertainment or eating out.
What is enterprise (or entrepreneurship)?
The four basic economic resources: land, labor, capital, and this.
What is diversification?
Spreading your investments to reduce risk is called this.
What is low (or conservative) risk tolerance?
A person close to retirement usually has this level of risk tolerance.
What is the FDIC (Federal Deposit Insurance Corporation)?
This government body protects customer deposits in U.S. banks (up to a certain amount).
What is profit? (or savings if income is greater than expenses)
What is profit? (or savings if income is greater than expenses)
What is a market?
The place where buyers and sellers meet to exchange goods and services.
What is a government bond?
A government-backed investment that is considered low risk.
What is a conservative investor?
This type of investor prefers stable, lower returns instead of risky high returns.