Duplicate of Principles of Finance Unit 1 Lesson 1-3 NAF

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

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

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

Interest earned on both the principal amount and any interest already earned is called

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

An agency of the U.S. that insures deposits in banks and thrifts for up to $250,000 is the

Depository financial institutions that specialize in home mortgage loans?

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

Money paid to insurance companies is called what?

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

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

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

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

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

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

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

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