Algebra with Finance Semester Study Guide

A bank that offers services to the general public and companies.

• credit union

• commercial bank

• mortgage company

• loan officer

A popular banking choice that is owned by its members.

• loan office

• mortgage company

• commercial bank

• credit union

Which of the following is an example of an electronic banking service.

• drive through

• cashing a check

• direct deposit

• taking out a loan in person

A history of your credit.

• credit report

• credit card

• report card

• credit score

What does FDIC stand for and how much is the standard insurance amount?

• Federal Deposit Insurance Company, $250,000

• Federal Deposit Insurance Corporation, $250,000

• Federal Deposit Insurance Company, $200,000

• Federal Deposit Insurance Corporation, $200,000

The proprietorship element goods or merchandise in a corporation usually divided into shares and represented by transferable certificates.

• supply

• demand

• revenue

• stock

The excess of returns over expenditure in a transaction or series of transactions.

• revenue

• profit

• demand

• supply

An owner of shares in a company.

• stock

• shareholder

• supply

• equity

Which of the following is an example of things you can invest in?

• stocks

• bonds

• land

• all of the above

When should someone consider investing for their future?

• when they are young

• when they are middle age

• when they are over the age of 60

• when they are about to retire