Bank Accounts
A signature on the back of a check.
What is an endorsement?
The amount of money initially put into an account or investment.
What is principal
something thought to be a necessity or an essential item required for life.
What is a need?
A part owner of a corporation.
What is a shareholder?
Popular items priced at or below cost by retailers to draw in customers.
What are loss leaders?
A fee for borrowed money.
What is interest?
An account in which the bank keeps your money for a set amount of time and pays you a fixed interest rate.
What is a certificate of deposit?
The largest single expenditure in any household budget.
When stock from a company is first sold to the public.
What is an initial public offering?
A word or a phrase used by a company to help you remember them.
What is a Slogan?
A plastic card which looks like a credit card, but is electronically connected to the cardholders financial institution account for purchase.
What is a debit card?
The actual interest rate paid on a loan or received on an account.
What is the annual percentage rate?
Money set aside for a specific purpose or for emergencies.
What is savings account?
Investing in stocks from a variety of companies in different industries.
What is diversification?
Coupons, rebates, sweepstakes, sales, and other activities that encourage customers to visit a business.
What are incentives?
"For Deposit Only in account #45678."
What is a restrictive endorsement?
The federal agency that insures all savings accounts up to $100,000
What is the FDIC (Federal Depository Insurance Corporation)?
The goal of investments which is different then the goal of savings.
What is profit?
A period of generally falling stock prices.
What is a bear market?
The stock exchange in which all trading is done on the internet.
What is the NASDAQ?
Analyzing, adjusting, and verifying checkbook register to the balance shown on the bank statement.
What is a bank reconciliation?
What is an individual retirement account (IRA)?
The goal of a budget.
how can you help individuals live within their means?
When stock prices rise and fall sharply.
What is volatility?
The federal agency that oversees all stock transactions.
What is the Securities and Exchange Commission?