Getting Started
Credit
Money Management
Houses/Cars
Investing
100
What does the 'M' in SMART goal stand for?
What is Measurable
100
What is principal?
The amount the borrower borrows.
100
True or False: Banks are non-profits.
False. Credit Unions are non-profit.
100
What does the Fair Housing Act do?
Makes it so your landlord cannot discriminate against you based on race, sexual orientation, religion, gender, or disability.
100
What is risk?
A certainty or any chance for loss.
200
What is an internal obstacle?
Something created by you or your reaction to an outside event.
200
What is interest?
Rent for borrowing the money until it is paid back.
200
Are loans assets?
They are not assets, they are liabilities.
200
What percent of your gross income should you allot for housing?
28%-33%
200
What are returns?
What you earn on the principal.
300
What is social capital?
Social relations that have productive benefits.
300
What is a fixed rate?
When the interest rate does not change while you have the loan.
300
What is a budget?
A plan for how you will use your money to reach your goals.
300
What is a co-signer?
Someone who is responsible for the loan if you do not pay.
300
What is net worth?
The amount you own minus the amount you owe.
400
What is a portfolio?
A grouping of assets.
400
Who can see your credit score?
A bank, credit union, landlord, employers, cell phone companies.
400
What is the median?
The middle number in a set of numbers.
400
True or False: You can use your Matched Savings to help buy a car?
True.
400
What are dividends?
A portion of the profits given back to the shareholders.
500
What is an asset?
Something you own that has value.
500
What is credit?
The ability to borrow money.
500
What are resources?
Things you will need to reach your benchmarks and ultimately your goals.
500
How old do you have to be to get a learner's permit?
You must be at least 15 years old.
500
What is inflation?
The gradual increase in the cost of everything.
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