Finance vocabulary
What do we call money paid out after stopping working?
retirement
National Currency of Scotland
The Pound
When does the NYSE close for the Day?
4pm Eastern
The part of our wages given to the government
Taxes
WHat spending money is called?
Expenses
How do we call money paid for working?
wages or salary
What is the name of the community that uses the Euro?
EU/Europen Union
What is the exchange where tech and small-cap stocks are traded?
NASDAQ
How do we call money that a bank or a person lends you and you have to pay it back?
a loan
What receiving money is?
Income
Part of a company owned by an individual
shares or equity
Using today's exchange rate, how much is 55 Euro (approx) in $ DAILY DOUBLE
$62 Approx
A type of investment where several companies are bundled?
Mutual Fund
How do you call a thing you go to when you want to withdraw money from your account?
a cash machine/ ATM
A plan for managing your money
Budget
If a company has issued 100 shares for a total of $35000, how much is each share worth? DAILY DOUBLE
$350
Name one of the major EU countries that do not use the Euro
The UK
Biggest advantage of mutual funds DAILY DOUBLE
Reduces risk
Type of bank account that is used for day to day spending and issues ATM cards etc
Checking Account
The sort of expenses that do not change
Fixed expenses
What does NYSE stand for?
New York Stock Exchange
This country's currency has biblical roots DAILY DOUBLE
Israel
This is a debt sold by a city/town etc DAILY DOUBLE
Bond
If you get a loan for $500 and you are paying 10% interest, how much will you pay back?
$$550
Type of interest that changes
Compound Interest