Saving Institutions
A Non-Profit, Member Owned Financial Institution.
What is a Credit Union
This type of account is designed for everyday spending, allowing you to write checks and make frequent debit card purchases.
What is A Checking Account / Savings Account
What is Investing?
This investment vehicle pools money from thousands of investors to buy a massive, pre-made portfolio of stocks, bonds, or other securities managed by a professional.
What Is a Mutual Fund?
The name of the retirement account commonly offered by employers that allows workers to save money from their paychecks.
What Is a 401k?
The Government Agency That Insures Your Money In Banks, And They Insure ____ ($$$)
What is The F.D.I.C, Up to 250,000$
Unlike traditional savings accounts, this option usually requires a higher balance but rewards you with higher interest rates and limited check-writing privileges.
What Is A Money Market Account
The Two Types Of People Who Might Be More Risky With Their Investments
What Is Young & Rich People?
This is the sales charge or commission an investor pays when buying or selling shares in certain mutual funds, typically labeled as "front-end" or "back-end."
What Is A Load?
What Is The Employer Matching Program?
a for-profit financial institution that accepts public deposits (like checking and savings accounts) and uses those funds to make loans to individuals and businesses
What is a Commercial Bank
If you lock your money into this time deposit for a fixed period, you’ll earn a higher interest rate, but you'll face a penalty if you withdraw it early.
What Is a Certificate of Deposit (CD)
This investment strategy relies on the age-old advice of "not putting all your eggs in one basket" by spreading your money across different assets to lower risk.
What Is Diversification?
This independent federal agency regulates the securities markets, protects investors, and enforces laws against market manipulation.
What Is The SEC?
This investing strategy involves investing the same amount of money at regular intervals, regardless the market price.
What Is Dollar Cost Averaging?
This protective system guarantees that savers won't lose their money if a financial institution collapses, a safety net designed to eliminate the panic that causes bank runs.
What is Deposit Insurance
Sold at face value, this specific type of government bond earns a fixed rate of interest for up to 30 years and is guaranteed to double in value if held for 20 years.
What Is A Series EE Bond?
This type of debt security is issued by a private company to raise cash for expansion or projects, paying investors regular interest before returning their principal at maturity.
What Is A Corporate Bond?
This illegal practice involves buying or selling a public company's stock based on material, non-public information, giving the trader an unfair advantage.
What Is Insider Trading?
This type of IRA allows you to contribute money that has already been taxed, with qualified withdrawals being tax-free.
What Is a Roth IRA?
the cost of borrowing money or the reward (return) for saving and lending money, usually expressed as an annual percentage rate.
This type of government bond protects your purchasing power by combining a fixed interest rate with an inflation rate that adjusts twice a year.
What Is An I Savings Bond?
The Most Risky Stock To Invest In
What Is A Growth Stock?
What Is a Stock?
(SAQ STYLE QUESTION)
What is the main difference between a Traditional IRA and a Roth IRA when it comes to taxes?
Traditional IRAs generally offer potential upfront tax deductions with taxable withdrawals, while Roth IRAs use after-tax contributions with qualified tax-free withdtrawals.