Money and jobs
How did someone buy something before money existed?
By trading goods and services
Using an account to save for college, a car, a house it's called a ________ account.
Savings.
A general increase in prices and fall in the purchasing value of money it's called __________.
Inflation.
Is the maximum amount of money you're allowed to spend on a credit card.
Credit limit.
A number you get depending on your payment history, credit behavior, amounts you owe, etc.
Credit score.
Teamwork, creativity, critical thinking are _______ that you can develop for your future job.
Skills.
A plan divided into several parts that works to control your money. (Income money and outcome money)
Budget.
How is it called the reward for saving your money in a bank account?
Interest.
The lowest amount you are required to pay each month in a credit card.
Minimum payment.
True or false: The lower your credit score the more probable a lender will lend you money.
False, the correct answer is the higher your credit score is then the most probable they will lend you money.
These are tangible, for example products and they are produces.
Goods.
What does it mean to get a negative total in your budget?
That you're spending more than you're earning.
When money supply rises then the prices ______.
Rise, because people are willing to pay more for the same items.
This is the yearly cost that you have to pay for having a credit card.
Annual fee.
The interest rate, the monthly payment and the term are the _______ of a loan.
These are intangible activities and they are performed, work for others.
Services.
Gas money, food, water, are _______ expenses.
Necessary.
Interest is paid as a percentage of the money you put in an account, how is this percentage called?
Interest rate.
An extra fee you'll have to pay for not paying your balance on time.
Late fee.
If someone isn't able to repay a loan, they can take your vehicle, home or other assets to pay it. This is called ________.
Collateral.
When you give in exchange your time, energy or skills to get money, this money is called ________.
Earnings.
The value of what we give up when we make a decision.
Opportunity cost.
If the balance at the end of eight years on an investment of $7.87 that has been invested at a rate of 4% is $10.39, how much was the interest?
$2.52, because you subtract your final money from your initial money.
|A monthly report summarizing your credit card activity.
Statement.
A loan you borrow when you want to buy a house is called _______.
Mortage.