Abbreviations
This abbreviation stands for Annual Percentage Yield
What is APY
This financial term can be compound or Simple
What is Interest
This is the stock ticker symbol for Southwest Airlines.
What is LUV
This score allows banks to decide if to lend you money and how much
What is your FICO score
What does the FDIC do?
They insure users deposits up to 250,000
The Federal Deposit Insurance Corporation is abbreviated like this.
What is FDIC
The amount being loaned out is known as this?
What is Principal
This financial institution is owned by members
What is a credit union
Experian, Equifax, and Goldman Sachs are these kinds of institurions
What are Credit Bureaus
A loan for a house is known as a
What is a mortgage
The New York Stock Exchange has this abbreviation
What is the NYSE
What is Gain or Profit
When a company stock splits shareholders benefit in this way
What is they get more shares
If your credit score is this 750 to 800 it is said you have what?
What is Excellent credit.
Banks and credit unions offer this type of account that has a debit card linked to it.
This is the abbreviation for the Securities and Exchange Commission
What is the SEC
If you have extra income you have this
What is disposable income
This investment pays you in full once it reaches it's Maturity date
What is a bond
This kind of device charges you interest if you use them for purchases
What is a credit card
This Agency oversees the banking system in the US.
What is the fed
This abbreviation is short for Certificate of Deposit
What is CD
This is the money you earn on your principal
What is Principal
The S&P 500 and Dow Jones are examples of what?
What is an index
A certificate of Deposit typically uses this type of interest
What is simple Interest
This type of account is like a checking account but earns interest
What is a money market account.