Saving
High or low risk?
Low
High or low risk?
High
What does NYSE stand for?
New York Stock Exchange
What are the two types of interest?
Will we have guest speakers this year?
Yes!
Fill in the blank:
low risk, low __
return
Fill in the blank:
Buy low, sell ___
high
What are the two types of trends in stock market?
Bull and bear
What kind of graph is compound interest
exponential
Who are the leaders of the club?
Aarya, Deeya, Parnika
What was the investment game that we played that lets you grow your wealth over 20 years called?
buildyourstax
What are two of the most common types of investments?
Stocks and bonds
The stock market goes up and down based on ____
supply and demand
What vocab word is this the definiton of:
the price paid for using someone else’s money, expressed as a percentage of the amount borrowed
Interest Rate
What did GWI hand out at activities fair as a "coupon"?
Monopoly money!
What vocab word is this the defintion of:
type of savings account that pays a fixed interest rate on money held for an agreed-upon period of time
A certificate of deposit (CD)
What is maturity date (in terms of bonds)
The date the money you loaned the company must be paid back to you
What is stock apreciation and depreciation?
Stocks appreciate: increase in value
Stocks depreciate: decrease in value
What does the different variables stand for simple Interest Equation?
I = P * r * t
I = interest earned
P = principal or the original amount of money with which you start
r = annual interest rate
t = time
What game did we play in the first meeting?
Scattergories
What are savings protected by?
FDIC (Federal Deposit Insurance Corporation)
What is a time horizon?
time an investment is held until sold
What is Rule of 72?
Calculates how long it'll take for an investment to double in value
Simon deposits $500 in an account that pays 3% interest compounded annually. What is the balance of Simon’s account at the end of 2 years?
500*0.03 = 15
515*0.03 = 15.45
515 + 15.45 =
Answer: 530.45
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