Checking and Savings
This is the fee you'll be charged if you spend more than what you have in your checking account.
Overdraft Fee
The longer the term of the loan, the more _________ you will pay!
What is interest?
True or False: You must pay back a grant once you graduate college.
False
This type of credit inquiry does not effect your credit score.
Soft Pull
This type of investment allows you to buy a share of a basket of different stocks or bonds
What is a mutual fund?
Credit Unions have a board of directors, they are made up of ___________________.
Volunteers
When you finance a car, the vehicle is considered __________. Meaning it's something of value the bank can take if your fail to pay your loan.
Collateral
What document should all potential college students complete if they are planning to got to college. Helps determine your financial aid.
FAFSA
A missed payment or a bankruptcy stays on your credit report how many years?
What is 7-10 years?
The average rate of return the stock market has provided in the past 100 years
What is 7-10%?
This type of Savings account "Locks" your money for a specific amount of time. If you withdraw early, you could face a penalty
This type of credit card asks you to provide cash upfront as collateral
DAILY DOUBLE: Secured Credit Card
This type of government loan requires you to pay the interest on what you borrowed while in school, not the principle.
Un-subsidized
The biggest piece of the credit "pie", doing this should be the priority when attempting to maintain a high credit score.
Paying bills on-time
The length of time an employee must be employed in order to receive the full amount of their employer match in their 401K
What is the vesting period?
Your deposits in a Bank and Credit Union are protected by the FDIC or NCUA. They protect up to what amount?
$250,000
A new car loses value as soon as it is driven off of the lot. This is known as...
What is depreciation
This is the loan your parents (or graduate students) can take out to help fund the cost of your education.
PLUS Loan
What is the name of the website contracted by the US government that provides your credit report once a year for free.
What is a prospectus?
If banks need to borrow money to run their business, the can use the money from depositors, borrow from other banks, and/or borrow money from the __________ ____________ (2 words)
Federal Reserve
Some credit cards will allow you to withdraw cash from an ATM. This is called a __________ ___________.
Cash Advance.
What is the maximum amount of subsidized and unsubsidized loans you can take out during your junior year of college (if you qualify).
$7,500
These are the credit reporting agencies
Experian, Equifax, Transunion
Someone using Technical Analysis looks at price-movement and __________ when reviewing potential stocks.
Volume