What is two personal characteristics are key in reaching goals?
100
buy & hold and dollar-cost averaging
Name two common investment strategies?
100
Closed-end credit and Open-end credit
What is the name of two types of credit
100
notify the creditor promptly
What should a person do if he or she has trouble paying bills?
200
demographics
What is statistical characteristics of a population?
200
an entitlement program
What is Medicaid, Medicare, and Social Security examples of?
200
tax-deferred investment
________ is one where no taxes are paid as the investment earns income and grows in value
200
Principal x Rate x Time = Interest
What is the formula for simple interest
200
Seven years
How long does accurate negative information stay on a person's credit report?
300
financial literacy
What is possession of a body of financial knowledge, a set of basic skills, and the ability to apply knowledge and skills to making informed, responsible financial choices?
300
three stages of management
What is cost-benefit analysis, marginal analysis, trade-offs, and opportunity costs
300
beat inflation
What is the rate of return earned on an investment
needs to be higher than the rate of inflation is too?
300
the three Cs of credit
What is Character, Capacity and Capital part of?
300
chapter 7 bankruptcy and chapter 13 bankruptcy
What are two common types of bankruptcy?
400
financial competence
What is ability to understand basic topics related to finance?
400
by providing information for making financial decisions
How does media impact financial decisions made by individuals, families, businesses, and the government?
400
what makes investment different form saving
Investments generally offer greater returns or profit on money than savings is?
400
Annual percentage and simple interest
What is two types of interest used when computing finance charges?
400
The Fair Debt Collection Practices Act
Federal law was passed to eliminate abusive collection practices by debt collectors?
500
law of diminishing marginal utility
What is states that the marginal benefit of using each additional unit of something tends to decrease as the quantity used increases ?
500
The economic conditions make managing personal finances important and challenging
When the economy is plagued by economic conditions, such as recession, inflation, or interest rates going up or down, managing personal finances is when?
500
bull and bear
____ and ____ are terms used to describe the strength or weakness of the stock market
500
the purpose of credit in our economy
Serve as a medium of exchange that allows
individuals, businesses, and governmental agencies to buy goods or services now and pay for them later is the?
500
The Preservation of consumers Claims and Defenses Ruling
Which ruling, issued by the FTC, protects debtors from being forced to pay for products when they have a legitimate dispute with the product's seller?