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Mr. Murphy Financial
Financial Terms
| Question | Answer |
|---|---|
| What is interest? | an amount paid to use someone’s money |
| What is saving? | depositing your money into a financial institution for safekeeping and to earn interest. |
| What is inflation? | driving up prices of food, gas, clothes, everything over time |
| What does TVM stand for? | time value of money |
| What is the term for buying something with the expectation that it will make money for you. | Investing |
| Another word for asset is? | an item of value |
| Liability is? | something owed to another person. |
| The degree to which an asset gains (or loses) value over a given period of time is called | rate of return. |
| Income investments provide | regular earnings, such as monthly interest, quarterly dividends, or, in the case of real estate, rent payments. |
| Growth investments are about | delayed gratification. The goal is to buy an asset that you believe has the potential to increase in value over time. |
| What is bond? | you lend money to a government or company. In return, the borrower promises to repay you in full on a specific date |
| The specific day at which they repay you is called? | maturity date. |
| When you want help in making investing decisions, you can seek advice from an? | investment advisor |
| You buy stocks and bonds through a | registered broker. |
| Stock is? | piece of the possible profit |
| Owning stock makes you a | shareholder (aka stockholder). |
| Dividend? | an amount paid in cash or shares of stock, based on the amount of stock shares owned. |
| NYSE stands for? | New York Stock Exchange |
| NASDAQ stands for? | National Association of Securities Dealers Automated Quotation System |
| Your offer to purchase is called a? | Bid |
| A 401(k) plan is? | known as an employer-sponsored plan, but you own your account. |
| What is a Certificate of Deposit (CD)? | Savings certificate issued by a bank or credit union |
| What is a Savings Account? | A deposit account that earns interest and is issued by a bank or credit union |
| What is a Money Market Account? | A type of checking and savings account issued by a bank or credit union to hold your money |
| What is a Retirement Account? | An account such as an IRA and 401(k) that helps you set aside money for retirement |
Created by:
Hannahbryant2002
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