Function of Money
Financial Market
Financial Intermediaries
Credit and Debit
Banking
100
wages, stock, bonds, mutual funds, rental income, gifts, public assistance.
What is income?
100
First stock of a company offered to the public.
What is IPO (Initial Public Offering)
100
Offers checking accounts, lending service, savings and interest, credit card service, and currency exchange
What is commercial bank?
100
Money going out
What is debit?
100
Plastic Payment to pay for goods; pay back every month
What is credit card?
200
Decentralized and Anonymous
What is bitcoin?
200
Located in New York
What is Wall Street?
200
the proportion of a loan that is charged as interest to the borrower
What is interest rate?
200
Another name for credit score?
What is FICO score?
200
a small written form that is sometimes used to deposit funds into a bank account
What is deposit slip?
300
Four characteristics of money
What is scarcity,durability,portability,and divisibility?
300
The increase or decrease in the stock's price between today's last price and the closing price and the closing price of the previous trading day
What is net change?
300
Money set aside for retirement
What is Pension Fund?
300
Major credit reporting companies?
What is Equifax, Experian, TransUnion?
300
money comes directly from the user's bank account when performing a transaction
What is debit card?
400
Money earned by actively managing investments.
What is portfolio income?
400
Three capital stock markets?
What is NYSE, NASDAQ, NYSE MKT AMEX EQUITIES
400
Ally Bank, Discover Bank, Nationwide Bank, Synchrony Bank
What is banks that only exist online?
400
Loans for Homes
What is mortgages?
500
The equation to calculate cash flow
What is income-expenses=cash flow?
500
Rule of stocks
What is buy low, sell high?
500
Things to consider when choosing a bank
What is convenience features, how you bank?
500
Amount of credit reports you can receive in the span of 12 months
What isthree credit reports?
500
Amount of money FDIC ensures for each person in case of emergency
What is $250,000
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