Income 1 Stock Market (Earning Income) Sources of Income Banking & Accounts Banks & Financial Institutions
100
What is self-employed?
Working for yourself, not for a company.
100
What is a Stock?
Represents the ownership of a fraction of a corporation. Units of stock are called "shares."
100
What is Interest?
Income I recieve when my money sits in a savings account.
100
What is chequing?
This is the account most people use for their day-to-day banking.
100
What is a Payday Loan?
People borrow money is they have no credit score or if they are waiting for their next pay check.
200
What is "Working for Others"?
Health plans, paid vacation days, & sick days are benefits to working this way.
200
What is Shareholder?
The owner of a stock is often called a
200
What is compound Interest?
When your money earns money (it's nickname is the 8th wonder of the world).
200
What is Overdraft?
This is the name of the fee charged to me if I dip BELOW $0.00.
200
What is a bank?
This financial institution is FOR-profit. They make money.
300
What is Self-Employed?
Being able to set my own hours and choose where I work are usually benefits to working this way.
300
What is a Ticker Symbol?
The 2-4 letter code of a business being bought/sold/traded on the stock market is called this.
300
What is an Inheritiance?
Great Granny has passed away & left all her money to her cat....and you. This money is called _____.
300
What is Unbanked?
People who don't have their money in a bank are called this (they think it's best b/c they aren't paying bank fees)
300
What is a Credit Union?
This financial institution is non-profit. They re-invest all their money back to the organization, community or pass it on to members.
400
What is Wage?
Being paid by the hour.
400
What are Stock Markets?
NYSE & Nasdaq are both these.
400
What is From their Families (were given the money)?
1 myth about millionaire is that they all earned their income _____
400
What is Overdraft Protection?
_____ ______ sounds like the bank is doing YOU a favour by letting you spend MORE than you actually have. (note: It's really not a good thing).
400
What is 14 yrs old?
The average age people open a bank account.
500
What is Salary?
Being paid a flat monthly or annual rate.
500
What is when you sell the stock?
Other than earning dividends, this is the main way people make money in the stock market.
500
What is EI, Child Tax Benefit, etc?
An example of a Government Transfer is _____.
500
What is Bank Statement?
The purpose of a ____ ______ is for you to check your monthly income, transactions, & fees charged.
500
What is FALSE? They still do charge some fees for some accounts.
True or False: Credit Unions don't charge fees becasue they are non-profit.






FinLit 20 - Financial Institutions, Banking, Earning Income, Interest

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