Money
Paper or coins that the government gives value for the purpose of exchanging goods and services.
What is currency?
A legal policy that transfer an amount of the financial impact of unexpected events.
What is insurance?
A market where investors can buy and sell shares of companies.
What is the stock market?
A card that lets people make purchases by borrowing money.
What is a credit card?
The fee the bank charges for borrowing money.
What is interest?
How easily an asset can be turned into money.
What is liquidity?
Insurance that is used to cover medical costs.
What is health insurance?
Anything that has value to a customer or business.
What is an asset?
A 3 digit number that helps you get lower interest rates on loans
What is a credit score?
A promissory note that somebody gives to pay a certain amount of money by a certain date.
What is a bond?
How much more expensive goods and services have become over a period of time.
What is inflation?
Insurance that covers your bills when you're disabled or can't work.
What is disability insurance?
A bunch of investments held by a group or person.
What is an investment portfolio?
Unauthorized charges on your credit card account that you didn't make.
What is credit card/identity theft?
A government bond sold by the US Treasury
What is a Treasury Bond?
The amount of money in the economy.
What is money supply?
Insurance that protects your belongings when an accident happens while leasing.
What is renters insurance?
The earnings and profits given to shareholders.
What are dividends?
Using an asset to guarantee a loan.
What is a secured loan?
A feature banks give to prevent over charging a debit card or bouncing a check.
What is overdraft protection?
The amount of goods and services a unit of money can buy.
What is purchasing power?
The amount the insured has to pay before the insurer has to pay the claim.
What is an insurance deductable?
An investment fund that takes the money that investors put in it and uses it to purchase securities.
What are mutual funds?
A flexible, pre-authorized loan that can be used for anything.
What is a bank line of credit?
A practice where banks only hold a fraction of their money in reserve.
What is fractional reserve banking?