Vocab for Finance - Echo

Interest- Rate paid or charged for use of money

FED- Federal reserve system is the central banking system in the us, regulates the proportion of bank deposits that can be invested an the interest rates for loans. Also regulates buying and selling government bonds

OCC- The office of all the comptroller of currency is a part of the us treasury. It makes sure all US financial institutions follow banking laws and regulations

FDIC and NCUA- Federal deposit insurance corporation and The Nation Credit Union Administration protect deposits up to 250K

SEC- The securities and Exchange Commission is a government agency tasked with protecting investors

Fraud- Deceptive and illegal sales practices

Regulations- Government laws that control businesses

FTC- Federal Trading Commission. Handles complaints.

Bureau of Consumer Protection- Makes and enforces regulations for product advertising and labeling

Inflation- The general rise of prices

Hyperinflation- Occurs when the rate of inflation rises quicker than the income

Rate of income- Percentage of money gained or lost relative to what is invested

Compound interest- Calculating interest based on original reposited amount plus interest already earned

Nominal interest rate- The rate quoted in loan and deposit agreements

Real interest rate- The rate an investment is expected to earn, after inflation