Credit & Debt
APR stands for what.
Annual Percentage Rate
The amount of time you have to pay back your loan
Term
Fixed Expense
The amount of money you should have in your emergency fund as a teenageer
$500
Meta
The term for the amount of money you're borrowing.
Principal
One of the 5 C's that refers to the terms of the loan
Conditions
The first step in the budgeting process
tracking income/expenses
The amount of time you should save up for in your emergency fund as an adult.
3-6 months
Which church was fined by the SEC for now filing required paperwork for over 2 decades.
The 5 C that refers to your reputation/credit history.
Character
You have a credit card and can spend no more than $5000 on it. The $5000 is called what?
Credit Limit
Gross income
Explain the strategy to use to save for large purchases.
The video game brand that recently opened up its first theme park
Nintendo
The type of source of credit that involves irregular payments & a credit limit
Revolving
The area that makes up the largest part of your credit score.
Payment History
The type of income that you use to pay for wants
discretionary income
The type of savings account that has a starting deposit amount and a term limit
Louis Vuitton recently hired this music artist to lead their menswear brand
Pharrell
10 years
Two of the three major credit reporting bureaus
Equifax
TransUnion
Experian
The type of expense that occurs at various times throughout the year that tends to be large, lump sums
Intermittent Expense
FDIC stands for:
Federal Deposit Insurance Corporation
The transport company whose train derailed in Ohio causing one city to evacuate.
Norfolk Southern