Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
8 Cards in this Set
- Front
- Back
|
How do banks make money? |
Charge interest on loans |
|
|
What are the roles of the FED? |
Determine amount of money in circulation, central economy |
|
|
Risk / Reward of Savings Accounts |
Not risky, protected by the FDIC |
|
|
What is important to know about compounding interest? |
earning interest on previously earned interest and on principal |
|
|
Liquidity and it's relationship with a Savings Account |
How easily you can convert something into cash |
|
|
Money Market |
Money invested to make more earnings, typically have a higher interest rate, more restrictions |
|
|
CD - Certificate of Deposit |
Money locked for a specific amount of time |
|
|
Company issuing bonds? |
They are issuing debt |
