Personal Finance Vocab

5. A bank chartered, or licensed, by the national government.
6. The amount of money borrowed.
8. The ability to be used as, or directly converted to, cash.
11. A market for buying and selling stock.
13. The government agency that insures customer deposits if a bank fails.
16. Bank that can lend to other banks in times of need.
18. The difference between a lower selling price and a higher purchase price, resulting in a financial loss for the seller.
19. Person or institution to whom money is owed.
21. The money an investor receives above and beyond the sum of money initially invested.
23. A bond issued by a state or local government or municipality to finance such improvements as highways, state buildings, libraries, parks, and schools.
24. The act of redirecting resources from being consumed today so that they may create benefits in the future; the use of assets to earn income or profit.
26. Portion of stock.

1. A card used to withdraw money.
2. A card entitling its holder to buy goods and services based on the holder’s promise to pay for these goods and services.
3. A specific type of loan that is used to buy real estate.
4. A collection of financial assets.
7. Bank that belongs to the Federal Reserve System.
9. Low-denomination bond issued by the United States government.
10. Index that represents the prices of 500 different stocks.
12. The money in checking accounts.
14. The difference between a higher selling price and a lower purchase price, returning in a financial gain for the seller.
15. Market in which money is lent for periods longer than a year.
17. A bond that a corporation issues to raise money in order to expand its business.
20. An institution for receiving, keeping, and lending money
22. Market in which money is lent for periods less than one year.
24. The price paid for the use of borrowed money, or money earned by deposited funds.
25. Index that shows how certain stocks have traded.