Chapter 2 Saving and Borrowing - Finance
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5 Terms
SAVERS
Savers have more money than they need. This means they have a surplus of money that they probably want to generate more money with.
Savers could be:
Individuals
Companies
HIGH NET WORTH INDIVIDUALS
Anyone with net worth over £650,000
ROLE OF BANKS
Links those with surplus money to those with a need to borrow money
Includes markets to enable investors in equities and bonds or sell investments
The bank generates a surplus of money from the difference in the interest charged and received.
EQUITIE
Having shares in a company. You are paid a dividend at the end of the year.
BOND
An IOU or a loan you give to a government or company; in return, they promise to pay you back the original amount on a specific date, with regular interest payments
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