W!SE Review - Financial Planning & Regulatory Agencies

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Across
  1. 5. A retirement plan which is sponsored by an employer
  2. 12. FDIC insurance covers all deposit accounts, including checking and savings accounts, money market deposit accounts and CD's up to $250,000 per depositor, per insured bank
  3. 14. When the Fed buys and sells treasury bonds (popular monetary policy action); if the Fed buys treasury bonds, it "free-ups" the bonds a bank must have on hand, thus they are able to lend out more reserves and it increases the money supply; if the Feds sell treasury bonds, they decrease the money supply
  4. 17. CFPB is an independent federal agency that holds primary responsibility for regulating consumer protection with regard to financial products and services in the US
Down
  1. 1. IRA
  2. 2. Percentage of deposits a bank is required to have in reserves-or "on hand"
  3. 3. SEC, they regulate the offer of and sale of securities among the public (stock shares from corporations)
  4. 4. The central banking system of the US; it uses monetary policies to regulate the money supply
  5. 6. The interest rate the Fed charges commercial banks for short-term overnight loans; by decreasing the rate, banks lend more, which increases the money supply; by increasing the rate, banks lend less, which decreases the money supply
  6. 7. An account that an employee uses to save for retirement; it allows the worker to defer current income taxes on the saved money and interest earnings until withdrawal
  7. 8. When the cost of consumer goods is actually declining; consumers benefit, but companies will begin to suffer as will the overall economy
  8. 9. Type of IRA with pre-tax contributions (tax deduction), taxes paid on withdrawal; best if you expect income to be lower in retirement
  9. 10. The general rise of price levels
  10. 11. A period of time in which the economy has reached the lowest point possible; production and consumption decreases drastically, and unemployment rises
  11. 13. total assets – (minus) total liability
  12. 15. The US income tax system is considered this type of tax system
  13. 16. Type of IRA with after-tax contributions (no tax deduction), tax free withdrawals; best if you expect income to be higher in retirement