Lesson 1-3
A depository institution that includes savings & loans, savings banks?
Bank
A financial shortage that occurs when liabilities exceed assets
Deficit
Debt securities that are issued by a borrower to raise capital.
Bonds
An individual who organized and starts a business and assumes all financial risk for it.
What is a entrepreneur
Money that comes in
What is income
Which of the following are the most common categories banks fall into?
Commercial & Investment
Record of $ deposited in a financial institution for a stated time period @ a fixed int. rate.
Certificate of Deposit (CD)
A method of raising capital through the sale of stock.
Equity financing
What is a disadvantage to Sole Proprietorship?
What is unlimited liability
Why is being financially literate is so important?
It plans for your future and helps you reach financial goals
The cost of borrowing money expressed as a percentage of the amount borrowed?
Interest
A book containing blank checks to be used by the holder of a bank account.
Check book
A system that allows people to easily buy and sell financial securities. There is a variety of different financial markets.
Financial Market
Ability to speak more than two languages.
What is Multilingualism
Debt is money owed because of borrowing. What are bad debts?
What is bad debit
A nonprofit financial institution that is privately owned & controlled by its members?
Credit Union
The M in SMART stands for which of the following?
Measurable
The level of uncertainty of expected returns due to a business's poor performance, adverse economic conditions, or other external factors
Business Risk
Term used to describe the present era. Info that is accessible through computer networks.
What is the information age
Cash flow is:
income-expenses
The science or study of the management of money , credit, banking, and investments?
Finance
Which of the following is computed by subtracting personal liabilities from personal assets?
Net Worth
A private investment fund that is lightly regulated and uses leverage to invest in many markets.
Hedge Fund
Someone who acts as an underwriter for corporations issuing securities.
What is a investment banker
The four most common forms of business ownership are:
Sole proprietorships, LLC's, partnerships and corporations