21 Financial Terms You Should Know
S&P's global financial literacy study has found that Scandinavians are the most financially literate, with Denmark, Norway and Sweden scoring 71% and Canada and the U.S. followed closely, scoring 68% and 64% respectively. The study's aim was to gain a better understanding of people's knowledge of basic financial concepts and provide important data to regulators and policymakers.
Often an individual's knowledge of financial concepts begins with their understanding of basic financial terms. Brush up your financial vocabulary with these 21 terms.
We suggest you speak with a Manulife Advisor If you have questions about any of these terms. Don't have an advisor? Find one here.