vocabulary
Banking
saving
invest
credit
100
Is a financial institutions that receives,exchanges, safeguards money
What is banking
100
is an organization that provides services related
What is a Financial institution
100
savings plan is s strategy for using money to reach important goals and to advance a persons financial security.
What is a savings plan
100
risk is a measure of the likelihood that something will be lost
What is risk
100
is an agreement between two parties in which one party lends money or provides goods or services.
What is credit
200
is business in which primary function is to receive,transfer,lends money
What is commerical banking
200
pay yourself first, budget for savings,let your savings grow,reduce spending;increase savings.
What is a budget for savings
200
is the amount of uncertainty a person is willing to handle.
What is a risk tolerance
200
purpose of credit cards is to serve as a medium of exchange.
What is a purpose of credit cards
300
is a type of community bank that is locally owned and operate
What is a community bank
300
banks,credit,unions,and savings and loans
What is the different types of financial institutions that meet specific need
300
measurable,achievable,realistic and time related
What is a set goals for savings
300
you dont have excessive debt,you have adequate insurance protection
What is a careful investing for long term
300
granted to individual consumers by a retail business.
What is consumer credit
400
is the license authorizing a bank operate.
What is a charter
400
consumers borrow money to finance cars,homes,college tuition,and other needs.
What is a deposited in a bank
400
emergency fund is an amount of money that can be easily accessed in a case of a job layoff,illness,or unexpected expense.
What is a emergency fund
400
stock is a share in the ownership of a corporation
What is stocks
400
is statement in a contact that allows the creditor to require full and immediate payment
What is a accleration clause
500
is financial institution that is owned depositors.
What is mutual savings bank
500
banking products help facilitate financial exchange betwwen consumers and business.
What is a bank product
500
highest annual interest rate,highest apy.
What is a savings to be liquid
500
receive one vote per share, so a stockholder holds 100 common shares.
What is the typically common stockholders
500
closed in credit and open in credit
What is the two types of credit cards
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