Financial literacy

Which one of the following are financial institutions?

• bank and credit union
• library and hospital
• school and museum
• Starbucks and Wal-Mart

Stocks are:

• A share of ownership in a company

• Organization pays interest to the lender

• Form of lending to a company or the government

• A specified time in the future when the principal amount of the bond is repaid to the bondholder

What is a bond?

• A share of profits distributed in cash to stockholders

• A share of ownership in a company

• When an organization pays interest to the lender (purchaser) until the maturity date is reached

• A Form of lending to a company or the government

When does overdraft occur?

• When liquidity occurs

• When stocks are sold at a high price then it was bought for

• When your withdrawal from a bank account exceeds the available balance

• When you purchase an item on credit

What is credit?

• Receiving goods and services now and paying for them later

• The process of depositing money into your savings the day you receive it so you have savings later

• Having ownership of a company based on how many stocks you have bought

• Accumulating money each month for emergencies

Money that you make is called...

• income
• variable expense
• propery taxes
• fixed expense

What is the current amount of money in an account?

• Certificate of deposit (CD)
• Loan
• Transaction
• Balance

The actions of depositing and withdrawing money.

• Banking

• Trading

• Transactions

• Investing

To put money into an account.

• Deposit

• Withdraw

• Savings

• Interest

money owed

• balance
• overdraft fee
• loan
• debt