Bank Vocabulary
The minimum dollar amount that you must have in your account.
Minimum Balance
Usually it is two or three letters that represent a company when buying stock.
Stock ticker symbol / ticker symbol / stock symbol
Name 3 of the 4 types of Service Learning.
Advocacy/Awareness
Direct
Indirect
Research
NYSE
New York Stock Exchange
Organizing an event to raise money for the Susan G. Koman for a Cure Foundation is an example of what type of service learning.
Indirect
The amount you may be charged to use an ATM from a bank that that is not your bank.
ATM Fee
The NYSE starts trading at what time?
9:30 am
What is the first step of a Service Learning Project?
1. Investigating a Need/Identifying a Problem
Symbol: VZ
Verizon
The cost of borrowing money.
Interest
(You can also be paid interest for depositing money in a savings account.)
A card that lets you spend money from your checking account without writing a check.
Debit Card
Companies may increase the number of shares that current investors have by lowering the share price. Example: 2 for 1 (An investor with 100 shares trading at $100/share would now have 200 shares trading at $50/share).
Stock Split
The last element or step of a service learning project.
(In the Ted Talk this was done by taking a plane ride to and doing the Ted Talk).
Celebration
S&P 500
Standard and Poor
(The name of the two founding financial companies.)
The S&P 500 is a group of stocks that gives an idea of how the market is performing. This is called an ?
Index
An amount you may be charged if you do not meet certain requirements of the bank and account type. For example, if you do not keep the minimum required amount of money in your account.
Monthly Service Fee
When most stocks are declining, what type of market is it?
Hint: It starts with a B.
Bear Market
Organizing and event to teach kids about the potential dangers on the internet is an example of which type of service learning?
Advocacy/Awareness
IPO
Initial Public Offering
A type of asset you buy that you hope will gain value over time.
Investment
An electronic deposit of money into a bank account. For example, a paycheck may be done this way.
Direct Deposit
When most stocks are on the rise, what type of market is it?
Hint: It starts with a B.
Bull Market
Organizing a trip to deliver supplies and to help clean up/rebuild after Hurricane Sandy is an example of what type of Service Learning?
Direct
FAANG Stocks
Amazon
Apple
Netflix
A policy you buy to protect yourself against financial problems.
Insurance