Core Concepts
2 Ways to pay for goods and services
what are Cash and Credit?
yearly cost of borrowing money including interests and fees.
What is Annual Percentage Rate or APR?
Direct deposit and electronic debits
What is Electronic Fund Transfer?
12 payments per year
What is Monthly?
What was Waubun's mascot before Thunderbirds?
What is Bombers?
Any thing you have of value
What is an Asset?
Your creditworthiness, which lenders use to assess how likely you are to pay back a loan
What is Credit Score?
A credit card with a magnetic strip
What is a CMV Chip Enabled Card?
1 payment per year
What is annually?
Waubun High School Teacher that is retiring at the end of the year
Whos is Ms Bauck?
Anything you owe money on
What is Liability?
investments where you lend money to an entity with a promise they will pay it back with interest by a specific maturity rate
What is a Bond?
Deposit money into your account, but is delayed until it becomes available to you.
What is a Hold?
4 payments per year
What is quarterly?
Teacher in Waubun who grew up in California?
Who is Mrs. Pariso?
The total value of your assets minus the total value of your liabilities
what is Net Worth?
Investing in a variety of financial assets
What is Diversification?
Allows you to link one account to another to avoid an overdraft
What is overdraft Protection?
24 payments per year
What is semi-monthly?
Teacher who was late for their own wedding?
Who is Mr. Short?
The grade you will get in this class if you work at it!
What is an A?
A type of investment that pools money from many investors to purchase a diversified portfolio.
What is a Mutual Fund?
A number each financial institution has to ensure money goes to the proper institution.
What is a Routing Number?
2 payments per year
What is semi-annually?
Teacher in Waubun Elementary who used to live in Alaska.
Who is Ms Davidson?