Investments
The rule of 72 is an equation used to find out how long it will take an investment to do what?
Double
What kind of card is connected to your checking account?
Debit
What kind of card gives you the option to buy now and pay later?
Credit
How long would it take your investment to double if there is 9 percent compound interest?
8 years
Which is NOT a way to access a checking account? Debit card, check, credit card, ATM
Credit Card
an expense that changes every month is called a _____ expense.
variable
A share of a corporation sold to the public is known as a ____?
Stock
Down
Should you create a budget for your finances daily, weekly, monthly, or yearly?
Monthly
Which one of these investments is the least risky? Stocks, bonds, mutual funds, or savings accounts
savings accounts
______ income is the amount of money you make before tax deductions
gross
the original amount when you take out a loan is called the
principal
Your investment building over time is called___ interest.
compound interest
A plan for using your money to meet your wants and needs is called?
budgeting
Once you have completed your budget, the extra money you have to spend is called ____ income.
Discretionary