Money Basics
This is the term for the paper currency and coins you use to buy things
Money
This is a company you can buy shares in, which represent partial ownership of the compant
Stock
This is the act of setting aside money for something you’ll need or want in the future.
Saving
This is a fee you pay to the bank for using an ATM that is not owned by your bank.
An ATM fee.
This is the amount of money you can borrow from a bank or credit card company based on your credit history and income.
Credit Limit
This type of account allows you to keep your money safe at a bank and usually earns a small amount of interest.
A savings account
This type of investment is a loan to a company or government, where you get paid back with interest.
This is the type of money you earn on savings or investments, often paid by banks or other institutions
Interest
This term refers to the money you pay to borrow from a bank or lender, usually as a percentage of the loan amount.
Interest rate
This three-digit number is used to determined how trustworthy you are when borrowing money. It’s based on your credit history.
A credit score
This term describes the amount of money you owe after borrowing from a bank or other lender.
Debt
This is the amount of money you need to pay to buy one share of stock
Stock Price
This type of account is for long-term retirement savings, where your money grows over time without being taxed until you take it out.
A 401(k)
This is the process where a bank checks your history of borrowing and paying back money before they lend you more.
A credit check
This is the term for using a credit card to pay for something and then paying the money back later.
Borrowing on credit
When you earn money for doing work, that money is called what?
Income
The term for spreading your money across different investments to reduce risk is called what?
Diversification
This is a type of investment account you can open for long-term savings and use for education expenses, which also offers tax benefits.
A 529 plan
This is the term for a bank account that allows you to easlily access your money, often used for everyday spending.
Checking account
This is the percentage of the amount you owe on a credit card or loan by the due date, and it can hurt your credit score.
Late Payment
The total value of everything you own, such as cash, property, and investments, is called what?
Net Worth
If a company decides to share a part of its profits with its shareholders theyre paying them what?
A dividend
When you invest in a company’s stock, you take on this type of risk, meaning the value of your investment you can go up or down.
A market risk.
This is the act of putting your money in a bank account, where it’s kept safe and you can earn some interest.
Depositing
The percentage of the amount you owe on a credit card that is charged to you as a fee, often on an annual basis.
An annual percentage rate (APR)