Vocab
Many people with finance careers have a college bachelor’s _______________ in finance, economics, or accounting, and some also have a master of business administration (MBA) degree.
degree
A_______________ officer helps people borrow money from a bank for a car or home purchase by guiding them through the credit check, application, approval, and closing processes.
loan
Finance workers typically work nights, holidays, and weekends rather than day shifts during the standard work week.
False
Bank tellers and loan officers
Banks
What is the term for the person who is WRITING a check
Payer
A portfolio or investment manager uses _______________ research, insights, and strategies to buy, sell, and trade the stocks, bonds, and other assets held in an investment (e.g., mutual) fund.
A financial _______________ensures banks and other financial institutions follow laws related to monetary transactions.
examiner
New York City, London, and Tokyo have many financial workers because they are considered global financial hubs.
True
Policy agents and claims adjusters
Insurance Agencies
What is the term for the person receiving the check
Payee
Finance workers create and maintain financial records and interpret government _____________ .
regulations/rules
A venture _______________ invests money in start-up companies, hoping for high returns to offset the high risks often associated with these new businesses.
capitalist
Students who want to learn more about financial tasks should consider volunteering as the treasurer of a school organization or joining a student investment club.
true
State treasurers, city finance director
Government
What does it mean to post date a check
To write a check for a future or different date.
Finance _______________ within the insurance industry include actuary, underwriter, claims representative, customer service agent, and fraud investigator.
careers
______________Prepare and examine financial records, ensure compliance with TAX LAWS and regulations, and provide financial reporting and analysis
Accountant
Only students at the top of their class should consider a finance career.
false
Credit checker, credit analyst
credit card company
What is a dishonored check?
A payment that will not be cashed by the bank for a specific reason.
Finance workers use trends, data, and insights to weigh financial _______________and rewards.
risks
Provide personalized financial advice to individuals and families, including investment planning, retirement planning, and tax strategies.
Financial Advisor
All finance careers, including financial clerk and bank teller, require a four-year college degree and/or certification.
false
Bookkeepers and cost estimators (how much a PROJECT will cost)
construction company
What are insufficient funds
When you do not have enough money to supply for a payment or written check.