CREDIT
LOANS and SOURCE of CREDIT
APPLYING for CREDIT and GOVERNMENT REGULATION
WHY SAVE?
TAKING RISKS with your SAVINGS
100
The receiving of funds either directly or indirectly to buy goods and services today with the promise to pay for them in the future.
What is credit?
100
Control the largest amount of money and offer the widest range of financial services.
What are commercial banks?
100
This is an investigation of a person's income, current debts, personal life, and past history of borrowing and repaying debts.
What is a credit check?
100
This is the setting aside of income for a period of time so that it can be used later.
What is saving?
100
Thsi is money earned by company profits.
What is a dividen?
200
An installment debt owed on real property
What is mortage?
200
These were established to serve small savers who were overlooked by commercial banks,
What are savings banks?
200
This is the size of your personal or capital wealth.
What is collateral?
200
This happens when you save money in a financial institution.
What is earning intrest?
200
This is an increase or decrease in profit from stocks.
What is a capital gain or loss?
300
Using credit cards and borrowing money from financial institutions.
What are the two main types of credit?
300
This allows a customer to buy goods or services from a company and pay them later with intrest.
What are charge accounts?
300
This is a loan that is backed up with collateral.
What is a secured loan?
300
This pays a higher rate of intrest and allows immediate access to money through checks.
What is money market?
300
This bond is not taxed by the federal government.
What is a tax exempt bond?
400
Amount borrowed principal and amount to pay intrest
What are the principal and intrest of debt?
400
Allows people to buy goods or services from a company and pay them later with intrest
What are credit cards?
400
This was created to protect users of consumer credit and also for them to have equal access.
What is the Truth in Lending Act?
400
This is a savings plan that requires a saver to deposit money for a certain period of time
What is a time deposit?
400
This is a person who acts as a go-between for buyers and sellers.
What is a broker?
500
They believe they require these items immediately and they can pay it back monthly.
Why do individuals use credit?
500
Electronically transfers money directly form a person's bank accout to the business where they are purchasing goods.
What is a debit card?
500
This restricts the amount of intrest that can be charged for credit.
What is a usury law?
500
This was created by President Franklin Rosevelt as pare of the New Deal.
What is the FDIC?
500
Thsi uses investor's money to make short-term loans to businesses and banks.
What is a money market fund?
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