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Financial Literacy Flashcards | StudBud
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Financial Literacy
What does the FDIC do?
stock exchange is an example of...
Financial Literacy
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1
stock exchange is an example of...
labour market
Financial market
global market
2
What does the FDIC do?
Gives loans
Sells treasury bonds
Insures deposit accounts
Makes coins
3
banks take in money from savers and lend out to ....
investors
borrowers
4
What is a example of a asset?
All of the above
Jewelry
Car with outstanding loan
Paid off house
5
The Security Exchange Commission regulates the sale of securities such as...
Licenses
Stocks and bonds
Alcohol
Zoning
6
What is Investing
Getting Money
Managing Your Risk
Gambling
Making Your money grow
7
What is Social Security?
Gave jobs to men looking for work out west
Gave jobs to women lookinf for work in the north
Gave income security to elderly, unemployed and disabled people
8
Financial Institutions move money from ...
sellers to buyers
borrowers to savers
savers to buyers
buyers to sellers
9
What is Interest Rate?
The percent of how much they give you
Cost of a loan is expressed as a percent of the amount used
loaning people money
How much you used out of the loan
10
What the Federal Reserve?
The president's top economic advisors
The nation's budget committee
The nation's central banking system
The primary producer of bonds(IOU's)
11
If you're borrowing money, it's good to have a high interest rate
True
False
