Finance #1 What is Money
Prior to the "Nixon Shock." The U.S. was on this standard?
What is The Gold Standard.
Another name for ownership in a company?
What is a stock
The two types of student loans you can apply for
What are Federal and Private
This account allows you to write checks, withdraw and deposit money from the ATM and allows the use of a debit card?
What is a Checking Account
A conventional mortgage has equal payments, with a fixed interest rate with either __ years or __ years
15 or 30
U.S. Money comes in two types of material. What are the two materials?
What are coins and paper
Stocks ownership is measured using these? For example, I have 10 _______ of Google.
What is shares
Unlike loans, the money from grants, scholarships and work-study programs does not have to be this?
What is paid back
What is the person the check is for or the person receiving the check
You can only lose money in the stock market if you ___ a stock that has lost some of its value
What is sell
The amount of money you earn at a job for the entire year is called a yearly _______?
What is a salary
Symbols like: Goog, AAPL, MRST are known as _____ symbols?
What is ticker
What is 1.6 trillion dollars
This is a fancy and expensive way to rent a car?
What is leasing
Home value is measured by this two-word answer (Hint: think shape and body part)
What is square footage
The process of buying and selling something is known as a _________
What is a transaction.
This index is made up of the top 500 U.S. Companies.
What is the S&P 500.
The two parts a borrower must know when calculating the amount they owe on a student loan is?
Principle and Interest
The money you must first put down when financing a car
What is a down payment.
If a company goes bankrupt and its stock price goes to zero, this happens to its shareholders
What is investors lose all of the money they have invested in the company
Simply put, an ______ is something of value that you own and a _______ is something you owe!
What is asset and liability
A ______ is where a company borrows money from investors, which they promise to pay back?
What is a bond?
What does the acronym FAFSA stand for? Hint Hint it starts with Free
Free Application For Student Aid
An agreement between the buyer and a lender that allows the buyer to borrow money to purchase or refinance a home and gives the lender the right to take the property if the buyer fails to repay the money they’ve borrowed.
What is a mortgage
On average over the last 40 years, the stock market has done this? (hint we discussed it during our last Jeopardy game)
What is improved, gone up, been profitable