Stocks & Investing
You own a small piece of a company and become a shareholder.
Stock
What type of account is best for everyday spending?
Checking Account
Which card pulls money directly from your bank account?
Debit Card
What's a "perfect" credit score?
850
What are business costs called?
Expenses
Which investment is usually less risky: a stock or a bond?
Bond - This is where you lend money to a company or the government for a set amount of time & get your money back with interest.
Which type of account usually earns interest on your money?
Savings Account
Which card lets you borrow money and pay it back later?
Credit Card
The _________ score is the most widely used credit score model in North America.
FICO
The money a business makes after paying all expenses.
Profit.
What is it called when you invest in many companies at once through a single stock?
An Index Fund.
Which account comes with a debit card?
Checking Account
A debit card helps you build your credit score. True or False.
False. A credit card does!
Which category has the highest impact on your credit score?
Payment History (Making Payments on Time)
The total money a business makes before expenses are taken out.
Revenue
If you invested $1,000 in Netflix stock 10 years ago, how much would it be worth today?
About $10,000
How many times can you deduct/transfer money from a savings account per month?
6 times
True or False. Using close to your credit limit every month doesn't hurt your credit score as long as you always pay it off on time.
FALSE! This makes it seem like you are dependent on your credit card, which hurts your credit score!
What is the credit score range?
300 - 850
Profit = Price - ?
Expenses
Which company could have made you a millionaire if you invested $1,000 in it 20 years ago?
NVIDIA
Online High-Yield Savings Account
Name one of the 3 credit unions to check your credit score.
Transunion, Equifax, Experian
True or False. You will probably get approved for a loan if you credit score is between 580-740.
True but you will have a higher interest rate.
The year Credit Scores were introduced.
1989