Credit & Debit
Banks use credit scores to judge what?
Repayment likelihood
Financing a car means you pay more than the what?
StickerPrice
The Second Foundation is what?
The initial amount borrowed is the what?
Principal
The persistent rise in prices is called what?
Inflation
Making purchases with a credit card means you’re borrowing with what?
Interest
Leasing a car means you make monthly payments but don’t what?
Own
Your greatest tool for building wealth is your what?
Income
The percent charged by lenders for money is the what?
Interest Rate
Concept that money now is worth more than later.
Time Value of Money
Which method pays debts from smallest to largest?
Debt Snowball
A car is this type of asset.
Depreciating
The smartest way to buy a car is with what?
Cash
Interest that builds but isn’t collected yet is what?
Accrued Interest
Average annual growth rate of an investment.
Compound Growth
What kind of loans require collateral?
Secured Loans
A home is an example of what kind of asset?
Appreciating
Saving $500 for emergencies is called what?
Emergency Fund
Interest on previously earned interest is called what?
Compound Interest
Renting a car or hotel doesn’t actually require what?
Credit Card
Who profits most from credit cards?
Credit Card Companies
The total loan amount plus taxes and fees is called the what?
Principal
Spending and giving money reflects what?
Values
The measure of an investment’s profit or loss is what?
Rate of Return
Predatory lenders target desperate people by charging high what?
Fees