Money & Finance

Front

Money must be able to withstand the physical wear and tear that comes with being used over and over again. This is its

Back

Durability

Front

Money must be easily carried by people. Paper money and coins work because they are small and light. This is its...

Back

Portability

Front

What is NOT one of the 3 main functions of financial institutions? Storing Money, Saving Money, Spending Money, Lending Money

Back

Spending Money

Front

The direct exchange of one set of goods and services for another.

Back

Barter

Front

The cost of borrowing money

Back

Interest

Front

The amount of money borrowed

Back

Principal

Front

When money is borrowed in exchange for repayment of the principal plus interest over time.

Back

Loan

Front

The bank keeps a part of its funds and lends out the rest.

Back

Fractional Reserve Banking

Front

What is a stock?

Back

Ownership in a company

Front

What is a stock dividend?

Back

Part of a company's profit that gets paid out to stock owners quarterly