a thing that is borrowed, especially a sum of money that is expected to be paid back with interest
What is a loan?
100
300 - 850
What is the range for credit score?
100
These are the pros of renting a home (at least 2)
What are ease of mobility, fewer responsibilities, lower initial costs?
100
These things are given to you when you open a checking account.
What is a debit card and a checkbook?
100
Rent, car payment, and car insurance.
What are typically fixed monthly expenses?
200
the branch of knowledge concerned with the production, consumption, and transfer of wealth
What is economics?
200
I=Prt
What is the simple interest formula ?
200
These are the pros of buying a home (at least 2)
What are tax savings, pride of ownership, and potential economic gain?
200
This is the stocks and bonds poem that we were told to learn.
What is "Stocks, you own. Bonds, you loan."
200
Is a deposit given to the landlord and may be used to cover any unpaid rant or damages.
What is a security deposit?
300
the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding
What is interest rate?
300
A=P(1+r/n)^nt
What is the compound interest formula?
300
These are costs of owning a car (at least 2)
What are initial purchase price, registration and title costs, sales tax, financing costs, maintenance, etc?
300
True or False. A bond must be converted to cash before it can be used.
What is true?
300
A government agency which collects taxes for the federal government. It is a law for employers to withhold taxes from wages.
What is the IRS?
400
a type of loan that does not require the borrower to pay interest but rather has the interest paid by a third party
What is a subsidized loan?
400
If Bill's loan was $1,250, but at the end of the agreement, he paid $1,440. How much was his interest?
What is $190?
400
These are costs of operating a car (at least 2)
What are gas, oil, tickets, and maintenance?
400
This is overdraft protection.
What is when the account holder uses more funds than in checking account, therefore, the rest of the funds needed are automatically taken from the savings account.
400
Rate the effectiveness of the life skills course from 1-5.
What is 5?
500
an excess or surplus, especially the amount by which a sum of money is greater than a previous estimate
What is overage?
500
Tara Long borrowed $10,000 for 180 days. She paid exact interest at an annual rate of 12%. What is the interest owed by Tara?
What is $591.78?
500
This is how car loans can better your credit score.
What is being able to keep up with the car loan payments monthly and being consistent?
500
Banks, finance companies, and mutual funds
What are examples of financial intermediaries?
500
Rate your preparation for future fundings with this class from 1-5.