Principles of Finance Unit 1 Lesson 1-3 NAF

Money paid to insurance companies is called what?

If you invested $1,000 for 5 years, which of the following would maximize your investment?

The cost of borrowing money expressed as a percentage of the amount borrowed?

Any amount of money is worth more the sooner it is received based on its

Which of the following refers to the central bank of the United States?

Financial institutions that help consumers, businesses, and governments manage money?

A depository institution that includes savings & loans, savings banks?

Which of the following does the financial services industry help manage their money?

The ability of individuals to make appropriate decisions in managing their personal finances?

A depository institution where one can keep, borrow money & take care of financial affairs?

Interest earned on both the principal amount and any interest already earned?

An independent federal agency that serves to supervise and regulate federal credit unions?

The science or study of the management of money , credit, banking, and investments?

Which of the following refers to money's potential to grow in value over time?

How many Federal Reserve branch banks are there?

Amount of interest based on a principal amount and not on earned interest?

Which of the following are the most common categories banks fall into?

A nonprofit financial institution that is privately owned & controlled by its members?

Depository financial institutions that specialize in home mortgage loans?

A professional who provides financial planning and advice on financial matters?

Investment comp. that combine the $ from a large group of investors to buy stocks & investments