Unit 1: College and Careers
Term for the cost of just higher education classes, not including fees, supplies, room, or board.
Tuition
something, typically money, that is owed or due
Debt
A time when stock prices are falling
Bear Market
What are some examples of long-term financial goals that people might save money to pay for
Retirement
Home ownership
College/higher education
Father of the Free Market, believed in the Invisible Hand
Adam Smith
Viable local option for decreasing the expense of a four-year university by taking some classes here -
Community college
A percentage paid to a lender for the use of borrowed money is called
Interest
The word "securities" means tradable financial assets. What are the two main types of securities?
Stocks
Bonds
Deductible
Adam Smith believed that ____ would lead to low prices, high quality, new ideas, and quick production.
Competition
Term for the connection between chosen college major the amount of money earned from a related career.
Earning potential
Business organization that is owned by shareholders and operated by a board of directors.
Corporation
A high performing stock that pays dividends
Preferred stock
Jose gets into a car crash with Leo. The crash was Jose's fault. Which type of coverage would Jose need to help pay for his own medical bills after this crash?
Personal Injury Protection
One way to protect your identity is by understanding the ___________ agreement when you sign up for a new social media account of get a new streaming service.
terms of service
Cost of college BEFORE application of financial aid, scholarships, etc.
Sticker Price
Most important factor in the calculation of credit score.
Repayment history
Name all three major stock indexes
Dow Jones
NASDAQ
S&P 500
Amount charged at the start of a new lease and returned to lesee at the end of the term as long as lesee cared for property.
Security deposit
Resources with economic value
Assest
Online government form to be filled out to apply for financial aid and loans
Free Federal Application for Student Aid (FAFSA)
Brooke wants to purchase a new car with a loan from her friend Chloe. Chloe asks Brooke to first transfer ownership of her house over as collateral. What type of loan is described here?
Secured
What two factors distinguish different retirement savings accounts from each other?
1. When it is taxed
2. Whether it is employer-sponsored
What is the relationship between premium and deductible with insurance?
If one is low the other will be high
Term for total lack of government regulation over business. French word meaning "hands-off"
Laissez faire