Money & Banking, Personal Financial Literacy

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

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

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

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

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

A bull market is when stocks (in general)

Fiat money has value because

The ___________ is a popular indicator of general market performance

Name the 4 characteristics that money should possess

Assets are

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

Retirement investment that is not taxed now, and carries steep penalties if withdrawn early

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

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

The 3 functions of money are:

Your credit score is based on factors like

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

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

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

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

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

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

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

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

The Dow Jones is