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Loans
Savings
Investing
100
The amount paid by a borrower to a lender for the privilege of borrowing the money
What is interest?
100
This bank account allows customers to set aside money while earning interest.
What is a savings account?
100
This is where stocks and bonds are traded.
What is the stock market?
200
In contrast to a debit card, this type of card is the equivalent of taking out a loan.
What is a credit card?
200
To put money into your account.
What is a deposit?
200
Similar to the Dow Jones, this stock exchange focuses on technology companies.
What is the NASDAQ?
300
An individual who signs your loans for you.
What is a co-signer?
300
When money is withdrawn from a bank account and the available balance goes below zero.
What is overdraft?
300
A professional individual who buys and sells stocks for clients
What is a stockbroker?
400
The actual amount that you borrowed in a loan.
What is a principal?
400
How quickly you can take your money out of an account or investment.
What is liquidity?
400
The purchase of an asset or item with the hope that it will generate income and be sold at the higher price
What is an investment?
500
The period of time a credit card company gives you to pay your new charges, without having to pay interest on the new balance.
What is a grace period?
500
This means the federal government protects your money for up to $250,000 in a single account.
What is Federal Deposit Insurance Corporation (FDIC) Insured?
500
Reducing non-systematic risk by investing in a variety of assets.
What is diversification?