Savings Accounts
This type of account is good for regular savings, and pays a LITTLE bit of interest.
Traditional Savings Account
Define a stock.
Piece of ownership of a company
Debt that has something of value attached to it, like a house or car
Secured debt
What was the last state added to the U.S.?
Hawaii
Type of savings account that's similar to a bond--
You put aside a certain amount of money for a SET amount of time with the bank, and they pay you back + interest.
Certificate of Deposit (CD)
What are 2 ways to make money from stocks?
-Sell for a profit
-Dividends
Type of credit that is used for a specific purchase, for a specific period of time, paid back in equal monthly installments
Installment credit/loans
The Nile River
Type of savings which acts as a hybrid of a checking & savings account; you earn interest, and can spend money directly from the account
Money market account
What does it mean to have a "diverse" stock portfolio?
Investing in stocks from different companies and different industries
Type of credit where the amount you owe depends on how much you spend; involves getting a credit limit, and having to stay within that limit
Type of investment where you "lend" money to the government, and they pay you back plus interest
Bond
Type of savings account that pays higher interest than most
High-yield savings account
Part of a stock table that shows investors how much you'd have to invest (on average) to make $1 in earnings
P/E (price to earnings) ratio
Which credit score factor impacts your score more than ANYTHING else?
Payment history
What do you call a bear with no teeth?
Gummy bear
Part of a stock table that shows investors a stock's volatility-- or how rapidly it changes in price.
52-week range
How many credit agencies are there that report your score?
(extra 200 points if you can name them all)
3--
Equifax, Experian, TransUnion
Why did the computer go to bed?
It needed to crash