Financial Intermediaries

The ability of individuals to make appropriate decisions in managing their personal finances.

• finance

• financial literacy

• financial service industry

• investment

The management of money and other assets; management of banking, investments, and credit.

• financial literacy

• insurance

• finance

• investment

An agency that insures banks and thrift institutions.

• NCUA

• FDIC

A financial institution that protects persons against the risk of financial loss.

• insurance

• credit union

• thrift

• bank

A common institution where one can keep and borrow money and take care of financial affairs.

• thrift

• credit union

• insurance

• bank

An investment company that pools money from investors and invests the money into stocks & bonds.

• pension fund

• mutual fund

• thrifts

• credit union

Typically savings and loan institution that specialize in home mortgages.

• insurance

• thrift

• savings

• bank

Interest earned on both the principal amount and any interest already earned.

• simple interest

• compound interest

• present value

• future value

What an amount invested today at a particular interest rate will be worth in the future.

• present value

• future value

• compound interest

• simple interest

Check all that apply to Credit Unions

• Typically can offer lower loan rates and higher savings rates

• A way to invest without spending a lot of money.

• Offer many of the same services and products as commercial banks

• Non profit organization runned by group of people with a common bond.