Personal Finance
This term refers to the money you owe on a loan, credit card, or mortgage.
What is Principal
What does IPO stand for?
What is Initial Public Offering
This type of account typically offers the highest interest rates but often has restrictions on withdrawals.
What is a High-Yield savings account
What financial metric measures a company's profitability by revealing the percentage of revenue that exceeds the cost of goods sold?
What is Gross Margin
What is the term for the process of spreading out investments to reduce risk?
What is Diversification
What is the name for a market index that represents the performance of 500 large companies listed on stock exchanges in the United States?
What is The S&P 500 Index
What does CDIC stand for in the context of Canadian banking?
What is Canada Deposit Insurance Corporation
What is the term for the process of combining two companies into a single company?
What is Mergers & Acquisitions (M&A's)
What is the term for a sudden and severe drop in the value of a market?
What is a Stock Market Crash
This term refers to the price at which an investor can sell a security.
What is The Bid Price
What is the primary function of the Bank of Canada? (2 key elements)
What is Overseeing the country's monetary policy including setting interest rates and modulating the money supply
What is the term for a legal document that outlines the financial and operating objectives of a business?
What is a Business Plan
What is the term for the process of determining how much money you'll need to retire comfortably?
What is A Retirement plan
What is the term for the simultaneous purchase and sale of an asset to profit from a difference in the price?
What is An Arbitrage
What is the interest rate at which banks lend reserves to other banks overnight, as set by the Bank of Canada
What is Overnight Money Market Rate
What financial metric measures a company's ability to pay off its short-term liabilities with its short-term assets?
What is The Current Ratio