Professional Documents
Culture Documents
GreenbackpartyaftertheCivilWar,andin1876wasits
candidateforthepresidency,butreceivedonly81,740outof
the8,412,833votescast.
Federal Reserve System - 1913 - central banking system of the US created by the Federal Reserve Act
When you cash check or have money electronically transmitted
Central Bank - An institution designed to oversee the banking system
and regulate the quantity of money in the economy
TCF Bank
Member Bank - bank that belongs to the Federal Reserve System
Wells Fargo
Federal Reserve note - the national currency we use today in the
United States
Dollar bills
Great Depression - a hard time in American when there was no money
Dust bowl
credit card - a card (usually plastic) that assures a seller that the
person using it has a satisfactory credit rating and that the issuer will
see to it that the seller receives payment for the merchandise
delivered
Target credit card
Simple Interest - The amount of interest based on a principal amount
and not on earned interest.
US Bank taking a percentage of your money
Compound interest - interest calculated on both the principal and the
accrued interest
Lending money to a friend and having them pay 10% more each
month they go over when they finally return the money
principal - The amount of money borrowed
Debit card - a card (usually plastic) that enables the holder to withdraw
money or to have the cost of purchases charged directly to the holder's
bank account
Visa debit card
Creditor - A person to whom money is owed
Sharon B Johnson is a creditor at TCF Bank
Types of financial institutions - banks (banks, credit unions savings and
loans, internet banks) and non-banks (mutual fund companies and
brokerages)
Wells Fargo, American Express, Morningstar
Should the government increase regulation of financial markets - yes,
but there interference should be limited
Investment - Expenditures on (production of) new plant, equipment,
and structures (capital) in a given time period, plus changes in
business inventories.
Giving Jim $10,000 to start his business
Financial system - the group of institutions in the economy that help to
match one person's saving with another person's investment
In a business, system that enables lenders and borrowers to
exchange funds
financial asset - claim on the property or income of a borrower
Someone has partial ownership of a business
results.
Savings bond - low-denomination bond issued by the United States
government
Money most kids get for college when they are older
Municipal bond - a bond issued by a state or local government or
municipality to finance such improvements as highways, state
buildings, libraries, parks and schools
Local government of Chanhassen issuing a bond to help libraries
Corporate bond - A bond that a corporation issues to raise money to
expand its business
Fundraising for companies
Securities and exchange commission - monitors the stock market and
enforces laws regulating the sale of stocks and bonds
Suzy monitors the stock market to make sure everything is being
fair
Junk bond - a lower-rated, potentially higher-paying bond
A bond thats worth more
Capital market - Market in which money is lent for periods longer than
a year
New york stock exchange
money market - A mutual fund or account that invest in short-term,
liquid investments. these funds generally pay better that a savings
account with a bank, but less than a typical stock mutual fund. These
funds are considered very low risk.
Commercial paper
Primary market - Market for selling financial assets that can only be
redeemed by the original holder
When the original holder rebuys there assets
Secondary market - market for reselling financial assets
The fish mart resells there financial assets
Chris Gardner