Acronyms
APY
What is the Annual Percentage Yield
Buy now, pay later
What is Credit
The oldest type of account; a parking lot for your money
What is a Savings Account
Wells Fargo
What is a Bank
The most popular non-alcoholic drink in the world
What is coffee?
CD
What is a Certificate of Deposit
Whatever we say it is
What is Money?
The most common type of account today
What is a checking account?
Oregon Community
What is a Credit Union?
They run the banks
Who are Shareholders
CU
What is a Credit Union
Paying directly from your checking account
What is Debit
A long term investment with better interest, but no touching!
What is a Certificate of Deposit
Goldman-Sachs
What is a Bank?
Home to the hottest recorded temperature on earth
What is Death Valley
MMA
What is a Money Market Account
You owe it
What is debt?
The second most common type of account; a high minimum balance, and you get fixed interest on the amount.
What is an Interest Bearing Checking account?
Fifth Third
It's the deadliest insect
What is a mosquito
MOE
What is a Medium of Exchange
the real rate of return earned on an investment, taking into account the effect of compounding interest
Annual Percentage Yield
Instead of a fixed interest rate, your money is invested, and your interest is based on the returns of the investment.
What is a Money Market Account?
Christian Community
These flower bulbs were used as money in Holland
What are Tulips?