Savings/ Renting VS. Owning
Banking / Taxes and Insurance
Payment Types / Consumer Fraud
Credit Scores / Investing
Financing Higher Education
100
divide this by the rate of return and you get the time for your investment to double
What is the rule of 72
100
A bank that gives its members benefits
What is a credit union
100
What does APR stand for?
What is Annual Percentage Rate
100
A credit score of 750 would be considered...
What is excellent
100
ROI stands for
What is Return on Investment
200
When the bank takes ownership of your house after you default on a payment
What is foreclosure
200
What does IRS stand for?
What is the Internal Revenue Service
200
The maximum amount of money you can charge on your credit card
What is credit limit
200
3 credit reporting agencies
What is Transunion, Equifax, Experian
200
How much does it cost to apply for federal financial aid (FAFSA)
What is free
300
Main difference between simple and compound interest
What is the compound frequency
300
The difference between deductibles and premiums
What is Premiums are paid monthly; deductibles are the amount of money the insurer wants you to pay before tehy pay
300
Who should you give your Social Security number to?
What is verified and reliable sources
300
Bonds pay...
What is the business that offers them
300
Qualification for the Federal Work Study Program
What is financial need
400
Neutral 3rd party that handles all of the money and paperwork
What is an escrow
400
List 3 taxes
What is federal income tax, state income tax, sales, property tax, capital gains tax
400
The purpose of Consumer Protection Laws
What is to protect consumers from misleading or deceptive business practices
400
What does it mean to diversify your investments?
What is it means to spread your investment money among several different types of investments (stocks, bonds, cash, etc.)
400
What does FAFSA stand for?
What is Free Application for Student Aid
500
A long-term rental agreement
What is lease
500
List 3 possible banking fees
What is Out-of network ATM fees, service fees, insufficient funds/bounced check
500
5 payment types
What is cash, credit card, debit card, prepaid/gift card, money order, check, cashier's check
500
A mutual fund is...
What is pooling your money with other investors to diversify
500
In which grade should you start applying, getting recommendations and finding ways to pay for college
What is 12th grade
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