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20 Cards in this Set
- Front
- Back
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National bank |
A bank chartered,or licensed, by the national government. |
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Gold standar |
A monetary system in which paper money and coins are equal to the value of a certain amount of gold. |
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Central Bank |
Bank that can lend to other banks in times of need |
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Federal deposit ins. Corp. FDIC |
The government agency that insures customer deposits if a bank fails. |
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Liquidity |
The ability to be used as, or directly converted to,cash |
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Money market mutual fund |
A fund that pools money from small savers to purchase short-term government and corporate securities. |
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Default |
Failure to pay a back loan |
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Mortgage |
A specific type of loan that is used to buy a real estate. |
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Interest |
The price paid for the use of borrowed money. |
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Pricinpal |
The amount of money borrowed. |
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Debit catd |
A car used to withdraw money. |
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Creditor |
Person or institution to whom money is owed. |
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Investment |
Act of redirecting resources from being consumed today so that they may create benefits in the future;the use of assets to earn income or profit. |
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Financial asset |
Claim on the property of income of a borrower. |
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Mutual fund |
Fund that pools the savings of many individuals and invests this money in a variety of stocks, bonds and other financial assets. |
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Diversification |
Spreading out investments to reduce task. |
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Portfolio |
A collection of financial assets. |
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Prospectus |
An investments report to potential investors. |
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Return |
Money an investor receives above and beyond the sum of money initially invested |
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Financial intermediary |
Institution that helps channel funds from savers to borrowers |
