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WISE (Finance Economics) PRACTICE TEST WORDS AND DEFINATIONS.
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WISE (Finance Economics) PRACTICE TEST WORDS AND DEFINATIONS.
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WISE (Finance Economics) PRACTICE TESTWORDS AND DEFINATIONS.
ATM (Automated Teller Machine)
✔✔a computer terminal that you can use to make deposits, withdraw
cash, transfer money between accounts, check your account balances,
and pay some kinds of bills
Money in the United States includes:
✔✔consists of coins, paper currency, checking account balances on
which checks can be drawn, savings deposits, and time deposits such as
CDs and money market funds.
ATM Pin number
✔✔You should never write any PIN on something that might be stolen.
Write your PIN down and keep it in a secure place in your home.
Financially literate?
✔✔They understand the basics of personal finance and money
management
Capital gains
✔✔provides an increase in assets or wealth?
electronic funds transfer (EFT) is:
✔✔An ATM transaction,authorize a financial institution to debit or credit
an account
, Identity Theft
✔✔exposes consumers to greater likelihood of fraud and/or identity
theft.
stock split
✔✔an increase in the number of outstanding shares of a corporation
without changing the shareholders' equity
stock split
✔✔A division of shares of a company into a larger number of shares. A 2
for 1 _____ allows a shareholder to double the number of shares but worth
one half of their previous value.2-for-1 ______on 40 shares that is worth
$80 would result in 80 shares at $40 at the time
treasury bill (T-bill)
✔✔a secure, low risk investment
treasury bill (T-bill)
✔✔These bills are backed by the full faith and credit of the US
government, therefore considered relatively risk free
dividend reinvestment
✔✔using dividends previously earned on the stock to buy more shares
Securities
✔✔All of the investments, including stocks, bonds, mutual funds,
options, and commodities, that are traded.
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