Investments that reduce the risk to shareholders by investing in many different stocks.
100
What are the different types of banks
Commercial Banks
Savings and loan associations
Credit union
Savings Banks
100
What are the 2 ways of saving?
Savings Account
Certificate of Deposit
100
What are the 2 types of life insurance?
Term Insurance
Whole-life insurance
200
Define Discounting.
The practice of deducting interest on a loan before money is given to the borrower.
200
List three types of account.
NOW Account
CD's
Savings Account
Time deposit
Checking Account
200
What are the 2 ways of investing?
Buying a stock or a bond
200
list the different types of insurance
Old-age, survivors, and disability Insurance
Unemployed Compensation
Workers' Compensation
Medicare and Medicaid
300
Define Collateral.
Property used to guarantee repayment of loan.
300
What government agency insures money in a commercial bank
Federal Deposit Insurance Corporation
300
What is the safest way of buying a stock?
By using a mutual fund because you buy stocks from different companies so if one fails you have a backup.
300
Whats Insurance?
System of spreading risks over a large number of people.
400
Define Currency.
Another term for coins and paper money.
400
What government agency insures money in a credit union?
Credit Union Association
400
Where is one of the most influential stock exchanges?
New York stock exchange in New York City.
400
What the difference between Medicare and Medicaid?
Medicare is a federal program for people aged 65 and older to help pay hospital bill. Medicaid is a federal program to help people with low-income pay for medical costs.
500
Define short-term credit
Money paid for over a short period of time like a coupe weeks or months.
500
How did banks originate?
People went to goldsmiths to save their riches.
500
How does saving help the economy?
The money saved in the bank is used for economic production to expand it so it helps the economy.
500
What is Workers compensation?
It helps people who have job related injures or illness resulting from work conditions.