so that you can make purchases in the future - Money gives you a store of value
when paper money that a government issues represents gold - A currency is based on the gold standard
that has value not based on its relation to a commodity but by a nation's government declaring that its
money is legal tender - Fiat currency is money
loaning out the majority of money that it has on deposit - Fractional reserve banking is a bank's practice
of
the ability to carry debt - Credit is
the price of borrowing money - Interest is
the simplest form of investment - A loan is
obligated to pay back the face value of the certificate of indebtedness plus the interest stated on the
bond - The issuer of a bond is
a small part of the ownership of the company that issues the stock - A purchaser of stock purchases
a broad term that encompasses stocks, bonds, and other financial investments - Securities is
investment companies that offer shares to the public - Mutual funds are
mutual funds that make investments in safe but low-yield investments that have a relatively short time
until maturity - Money market funds are
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