the common abbreviation for annual percentage rate
What is APR
100
the highest level of banking in the U.S.
What is Federal Reserve
100
these are the four ways to pay for college
What is scholarships, grants, loans, and cash
100
economists make these since they can't experiment.
What is predictions
100
These are the two most common retirement plans
What is an IRA or 401k
200
these are known as the three types of credit
What is revolving, store, and installment
200
you must put a certain amount of money in this account for a certain time period. You can take the money out, but you will pay a heavy fee.
What is CD
200
these are the two issuers of student loans
What is government and private banks
200
this is also known as GDP
What is Gross Domestic Product
200
if these are this type of a good when demand rises for one, then demand rises for the other
What is compliments
300
the intrest charged on your credit account appears as this on your bill
What is Finance Charge
300
In this account you can continually deposit money and earn interest. If you withdraw more than six times a month though, you will be in trouble.
What is Saving Account
300
this is the amount of time you have after you graduate college to begin paying back your federal student loans
What is 6 months
300
this economic principle allows everyone to benefit.
What is trade
300
if these are this type of a good when demand rises for one, then demand falls for the other
What is substitutes
400
the better this is, the lower your interest is
What is credit score
400
keeping track of your deposits, withdrawls, and purchases is this, and something the banks won't do for you.
What is balancing your account
400
This payment for college does not have to be paid back
What is a grant
400
opportunity cost is represented on this graph
What is PPF
400
when the governments sets the starting price of a good above the equilibrium
What is binding price floor
500
a common misconception about credit scores is that if you do nothing and have a zero balance, you will obtain a good score, but you must do this to have a good score
What is pay the bill each month
500
the federal reserve is governed by both of these types of organizations
What is Independent and Government
500
In order to pay back your student loans you must chose on of these many options
What is repayment plan
500
this type of a graph represents the flow of money
What is circular flow
500
when the government set the maximum price above the equilibrium