Foundational Vocab
Anything & Everything
Credit & Debt
Banking & Investing
Economics and Decisions
100

The cost of having, not having, using, or not using...money.

interest

100

Reduces taxes dollar for dollar:

tax credit

100

Interest owed/accrued on interest:

compound interest

100
Represents ownership in a company:

stock

100
With every trade-off there is this:

opportunity cost

200

A period of time when stock prices are rising:

bull market

200
Which is most important part of building a credit score?

1. types of loans             2.  age

3. payment history          4. number of accounts

payment history

200

Which is usually the most important piece of a borrowing decision?


amount borrowed or principal

200

a type of savings account where you earn a fixed rate of interest over a fixed period or term

CD or certificate of deposit

200

This entity is sometimes thought of as the central bank of the US:

Federal Reserve

300

The most common credit score for individuals:

FICO

300
Amount you must pay before insurance takes over (you can usually choose this amout yourself):

deductible

300

What are two signs that you are ready to use a credit card responsibly?

various

300

A basket of stocks which spreads out risk:

mutual fund

300

This is the most common measure of US economic performance or US overall income (abbreviation ok):

GDP or gross domestic product

400

The federal bank account insurance program (abbreviation ok):

FDIC (FCUA for credit unions)
400

Building one of these to hold several months of expenses is a key to avoiding costly borrowing through credit cards, etc.:

emergency fund

400

An obligation or in financial terms, the opposite of an asset:

liability

400

A loan to a company or government in exchange for promised future payments at a set rate of return:

bond

400

Rearrange the words to create the most important key to financial wellness: 


you less make spend than

spend less than you make

500

The document that must be filed with the IRS, every year by April 15th: 

tax return

500

This tax comes out of your paycheck at a rate of 6.2%:

social security

500

Something you buy or own that loses value over time is what kind of asset?

depreciating

500

The long term performance of this is largely based on the overall performance/profitability of US companies over time.

stock market
500

Which is most likely to determine your long term financial success?

knowledge or behavior

behavior