Money & Banking, Personal Financial Literacy

During the colonial period, people used_________, coins of gold and silver.

A company that sells stock in itself to investors and invests that money in another corporation(s)

Your credit score is based on factors like

When people do not have money but instead rely on trading goods and services, they live in a

The Dow Jones is

Name the 4 characteristics that money should possess

Which of the following BEST describes the role of the consumer in the flow of the financial system?

Assets are

During the Civil War, the federal gov't first issued a paper currency called

Before societies used money, they traded goods and services in a

What was one advantage to the gold standard besides people being able to trade their money for gold?

Fiat money has value because

Retirement investment that is not taxed now, and carries steep penalties if withdrawn early

Which of the following can cost you money in large interest payments?

When stock prices have fallen in value for several months or years in a row it is called a

This type of IRA you pay taxes on now, while in a lower tax bracket, but is tax-protected later

What 2 investments are at the opposite ends of the risk spectrum?

An institution that specializes in loans directly to consumers usually through merchant credit

All investors must realize that there are no guarantees and that all investments involve

Depository institutions, life insurance companies, and pension funds are all examples of what?

A bull market is when stocks (in general)

A type of investment offered through an employer that is tax deferred and can be transferred

Tax-deferred retirement account offered by some employers to their employees, often with some form of matching bonus.

The ___________ is a popular indicator of general market performance

The 3 functions of money are: