This is the number of Federal Reserve Banks in the United States.
What is 12?
100
This occurs when many customers of a bank demand to withdraw all of their funds at once.
What is a bank run?
100
This value is provided by a company when it sells shares for the first time.
What is the Initial Public Offering (IPO)?
100
Taking on higher risk has the potential for this.
What is greater investment return?
100
With contradictory names, these are the two main types of financial institutions.
What are depository and non-depository?
200
The first Central Bank was created by this Secretary of the Treasury in 1791.
Who is Alexander Hamilton?
200
Also known as the Glass-Steagall Act, this regulation established the Federal Deposit Insurance Corporation (FDIC) following the Great Depression to secure deposits in banks.
What is the Emergency Banking Act of 1933?
200
Although they often do not pay dividends, these stocks may be growing rapidly for a period of time.
What are growth stocks?
200
This type of risk relies on the ability to turn assets into cash.
What is liquidity risk?
200
Because they have no local branches, these institutions have lower costs and higher interest rates.
What are Net Banks?
300
The 7 members of this body of the FED are appointed by the President.
What is the Board of Governors?
300
This regulation was passed in 1982 to reduce government control over banks.
What is the Garn-St. Germain Act?
300
Large renowned companies sell this type of stocks, which often have a history of steady growth.
What are blue chip stocks?
300
"Don't put all your eggs in one basket" describes this important strategy for reducing risk.
What is diversification?
300
These member-owned institutions are always not-for-profit.
What are credit unions?
400
This branch of the FED is responsible for setting the United States Monetary Policy.
What is the Federal Open Market Committee (FOMC)?
400
As well as increasing funding for the FDIC, this 1991 regulation cracked down on riskier banks by charging them higher premiums.
What is the FDIC Improvement Act?
400
Increasing investor confidence and rising stock prices describe this type of market.
What is a bull market?
400
This type of risk relies on the ability of the business or government to return your money.
What is financial risk?
400
For minors, this type of savings account contains their money but is managed by an adult.
What is a custodial account?
500
Every two weeks, the FOMC determines this value, which indicates the interest banks must pay to borrow money from the FED.
What is the discount rate?
500
Also known as the Consumer Credit Protection Act, this regulation required that borrowers are informed of the true costs of credit.
What is the Truth in Lending Act?
500
A NASDAQ ticker with an added "Q" indicates this for the company.
What is bankruptcy?
500
This type of bond waits until it reaches maturity to pay the investor the principal and accumulated interest.
What is a zero-coupon bond?
500
For this type of long-term account, a major advantage is that distributions are not taxed.