Every money term, explained in plain English. These short animated videos answer the ‘what is it and how does it work’ questions, from your first savings account to wire transfers and index funds.
Quiz: Everyday Risk Protection Protecting your money is not only about insurance. Test your grasp of identity theft, FDIC insurance, and financial safety nets. I’ve heard in some bank commercials that the account is FDIC insured. What does it mean? FDIC stands for Federal Deposit Insurance Corporation. It is a federal agency that insures deposits …
Quiz: How Money Moves Behind every payment is a system moving your money. Test what you know about checks, ACH, and wire transfers. What is Direct Deposit? How is it different from a regular deposit or a check? Direct deposit is the deposit of money, directly from the bank account of the payer into the …
Quiz: Mortgages and Buying a Home A home is the largest purchase most people make, and the most borrowed for. See how well you understand mortgages, down payments, and renting versus buying. I recently heard about FHA Loans on TV. But what is an FHA loan anyway? FHA stands for Federal Housing Administration. An FHA …
Quiz: Bonds & Fixed Income Fixed income is the quieter cousin of stocks. Test your grasp of bonds, Treasury bills, and how yields work. What is a municipal bond? Municipal bonds are debt securities issued by cities, states, counties, or other local governments. They are also commonly known as Munis, and could be issued for …
Quiz: Everyday Risk Protection Protecting your money is not only about insurance. Test your grasp of identity theft, FDIC insurance, and financial safety nets. What Is an Overdraft? An overdraft occurs when you try to withdraw more money than what you have in your account, making your account balance negative. What happens in this case? …
I’ve heard people talk about bull markets and bear markets. But what do bull markets and bear markets even mean? A bull market is when the stock prices keep going up for a long time, and a bear market is when the stock prices keep going down for a long time. Even though the terms …
Introduction to FICO Score / Credit Score for Kids and Teens This video explains the concept of credit score in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about FICO score, or used as a money & personal finance resource by parents and teachers as …
Quiz: Credit Scores and Credit Reports Lenders judge you by a number most people do not understand. See how well you understand scores, reports, and what moves them. What is a credit report? Credit bureaus like Equifax, Experian, and TransUnion collect information about your financial activity, employment history, etc. from banks, financial institutions and other …
What Is LIBOR? LIBOR stands for London Interbank Offered Rate. It’s the interest rate at which major banks lend to one another for the short-term in the international market. Why is LIBOR important? LIBOR serves as a well-accepted benchmark interest rate, based on which the interest rates for many other loans are decided. This not …
I heard about topline and bottomline on TV. But what do Topline and Bottomline mean? Topline is the Revenue or the gross sales of the company. Bottomline is the net profit of the company, which is calculated by adding other income to, and subtracting various expenses from the top line. The other income can be …
