Banking Basics 1
Banking Basics 2
Spending and You
Investing 1
Investing 2
100
These are tools people use to save their money, e.g., savings accounts, US Savings Bonds, Certificates of Deposit.
What are savings instruments?
100
This is a written promise to pay money out of the payer's bank account.
What is a check?
100
This purchasing tool is really a loan, not cash
What is a credit card?
100
This is another name for stocks; it means property or a share in ownership
What is equity?
100
This investment tool is a "buffer" against losses and allows consumers to "spread out" their risk.
What is a mutual fund?
200
A personal financial security package
What is a portfolio?
200
While a credit card purchase is a loan, this type of card transfers money immediately to the seller.
What is a debit card?
200
These financial tools are different from credit cards - they are often for a fixed amount and for a specific item.
What are loans?
200
The first issue of a stock
What is an IPO (Initial Public Offering)?
200
These are stocks in large companies that have done well over a long period of time.
What are "blue chip" stocks?
300
Every savings decision has a second best alternative that must be given up.
What is opportunity cost?
300
With this type of plan, you earn interest on your interest.
What is compound interest?
300
If you do not pay your full credit card bill, you will owe this to the bank.
What is interest?
300
This is the term for the money shareholders receive when stock makes a profit
What are dividends?
300
The major stock exchanges in the United States
What are the NYSE and the NASDAQ?
400
The possibility of loss
What is risk?
400
You can use this machine to access your savings or checking accounts - often 24 hours a day.
What is the ATM (Automated Teller Machine)?
400
When you receive your first credit card, these may be low - until you have established good credit.
What are spending limits?
400
This is the financial term for profit made when stock is sold for more than the purchase price.
What are capital gains?
400
While stocks show ownership, these investment tools represent a debt or loan.
What are bonds?
500
This organization insures bank deposits up to $100,000.
What is the FDIC?
500
If you write a check for more money than is in your account, we say your check does this.
What is "bounce"?
500
These are the 3 C's of credit.
What are Character, Capacity, and Collateral?
500
After the initial offering in the primary market, this is where stocks are bought and sold.
What are the secondary markets?
500
This is the term for having many different stocks, as well as cash and other investments
What is diversification?
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