STOCKS
What is an ownership of a stock called
A Share
What is maturity
The life of a bond
What is the gold standard
The value of currency is backed by gold
Define Principal
The starting amount of money being invested
Name some things that happened in the Great Depression
The stock market crashed, savings were lost, etc
What is profit from a stock called
Capital Gain
What is coupon rate
The interest the bond pays out
What was the nation's first true central bank
The Federal Reserve
Define Liquidity
How easy something is to be converted into money
Name some things that happened in the 2008 recession
Banks gave out loans that could not repaid hoping to make profits, but instead everything fell apart
Nasdaq, Dow Jones, S&P
Face value of a bond
What are greenbacks
The first paper currency since the Continental
Define Fiat money
inconvertible paper money made legal tender by a government decree
What happened on October 18, 1987
Black Monday
What is a bluechip company
The largest, sound, and best known firms
Name 3 different types of bonds
Municipal,Corporate, Junk, Treasury, Savings
What is an example of a commodity
Wheat, trade items
Define a mutual fund
An organization that takes funds and invest them in a variety of stocks, bonds, and other financial assets
When was wildcat banking
1837-1863
What is called to have your investments in many different locations
Diversification
What type of bond is typically tax free
Municipal Bonds
Name the act passed after the depression to reform banking
FDIC
Define Specie
coined money of gold and silver that was used to back paper money
When was the Second Bank of The United States chartered
1816