Financial Terms Quiz

A financial institution that accepts deposits from the public and creates a demand deposit while also making loans

The excess of assets over liabilities

An objective whose completion is based upon money

A collection of investments, aiming to achieve financial goals while balancing risk and return

The ability of a customer to obtain goods or services before payment, based on the trust that payment will be made later

Portion of income not spent on consumption and put in a bank or investment plan

A loan between you and a lender that gives the lender the right to take your property if you don't pay it back

Money received, especially on a regular basis, for work or through investments.

The ability to understand and apply financial concepts to make informed decisions about personal money matters

A percentage of a company's earnings paid to its shareholders as their share of the profits

An asset or item acquired to generate income or gain appreciation

An amount of money that is borrowed, often from a bank, and has to be paid back, usually with interest

The act of taking money out of a bank account, investment, or other asset

A mandatory payment or charge collected by local, state, and national governments from individuals or businesses.

Any money that is spent, or the cost of something

Extra money paid by a borrower to a lender for borrowed money the reward a saver receives for depositing/investing $$$

A share of ownership in a company, also known as equity

Something that causes money to flow out

A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer

A plan you create to help you meet expenses and spend money the way you want to spend it.

A fixed-income investment product where individuals lend money to a government or company at a certain interest rate

The act of placing funds into a financial institution, usually a bank or credit union, for safekeeping/to earn interest

A general increase in prices and fall in the purchasing value of money

A plan for making and spending money

A sum of money that one person, company, or government owes to another person, company, or government

A readily accessible reserve of cash specifically set aside to cover unexpected expenses or financial emergencies

A contract, represented by a policy, in which a policyholder receives financial protection against specific losses

Transitioning from a working career to a phase of life where income comes from savings, investments, and other sources

Something that makes income

The movement of money into and out of a company over a certain period of time