Vocabulary
What is a plan that shows income and expenses over a period of time?
Budget
A key tool in money management is budget
True or False?
True
Credit is price paid for borrowing money.
False
Investing is...
act of using money in hope of making a future profit.
Is investing and interest are the same thing
False
A share of ownership in a company is...
Stock
Interest is the act of using money for future use.
False
Saving is..
setting aside money for future use
credit unions are nonprofit banks owned by their members.
True
what is bond?
Certificate issued by a company or government promising to pay back borrowed money with interest
What's a Stockbroker?
People that buy and sell stocks and bonds for investors
Bonds are less risky then stocks.
True