In finance, what is 'interest'?
AnswerA charge for borrowing money, or a payment for lending it
Interest is the price of borrowing money: borrowers pay it and lenders or savers receive it.
Money · Facts & stats
Invest facts & stats
7 fact-checked facts about compound growth and saving, each with the reason behind it. 5 more are in today's round and join this page after it closes.
The basics
What is 'inflation'?
AnswerA general rise in prices that reduces what money can buy
Inflation means prices across the economy rise over time, so each unit of money buys less.
Going deeper
What does a 'bull market' describe?
AnswerA period of generally rising prices
A bull market is a sustained rise in prices; a falling market is called a bear market.
What is a 'dividend'?
AnswerA share of company profits paid to shareholders
Companies may pay part of their profits to shareholders as dividends, usually per share.
In which city did the first formal stock exchange develop in the early 1600s?
AnswerAmsterdam
The Amsterdam exchange grew up around trading shares of the Dutch East India Company, founded in 1602.
Expert level
With 10% interest compounded once a year, 100 grows to how much after 2 years?
Answer121
Year one gives 110, and 10% of 110 is 11, so the balance after year two is 121.
In lending, what does 'APR' stand for?
AnswerAnnual Percentage Rate
APR expresses the yearly cost of borrowing as a percentage rate.
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