Investing
Units of shares you can buy from a company is called a:
A stock
loan
To own a house, one must generally take out a loan called a _________.
Mortgage
This bank account is used to store money to build towards goals.
Savings Account
Borrowing money for college requires what type of loan?
Student loans
A collection of stocks you can invest in is called:
A mutual fund/ETF
The percent that is charged atop a loan in return is called:P
interest
Renting is sometimes more viable than buying because, the first years of a mortgage you are generally just paying off the:
interest
This bank account is generally used for everyday expenses.
Checking account
What is the average income of a 25 year old American?
$57,000-$60,000
A bond
A number that indicates the good standing of someone who borrows money
Credit score
As a renter, you are not liable for damages if you have:
Renter's insurance
A savings account that offers a higher interest rate than traditional accounts is called a:
High Yields Savings Account
The IRS
Brokerage
The most important aspect of having a good credit score is:
Payment history
The ratio that determines if it is better to rent or buy is called the ________
PR Ratio or Price to Rent ratio
A checking account is tied to what type of card?
Debit
How much should you have in an emergency fund?
3 months worth of income.
Which investment has historically seen the most gains?
If you have a credit score of 750, you have a ________ credit score.
very good
The PR ratio in Sugar Land is ___________
Why do smaller banks offer HYSA and larger banks do not?
To attract new customers
How many credit cards does the average American have?
3-4