Credit
This is the highest amount of money that can be charged to a credit card account
What is a credit limit?
Interest on interest
What is compound interest?
This is a synonym for a loan, specifically used to describe one for home payments.
What is a mortgage?
This U.S. State is where the ROI is the highest for real estate.
What is Tennessee?
This is a percentage of money taken out of your earnings and given to your local or national government
What are taxes?
A credit card is a prime example of this type of credit.
What is revolving credit?
This is a type of account that keeps your money secure and allows for money to be easily withdrawn from the account.
What is a savings account?
What is a student loan?
This type of account helps individuals save for retirement with tax advantages.
What is an IRA?
This is a plan for managing your income and expenditures over time.
What is a budget?
According to the FICO Scale, a credit score in this range is considered optimal (Answer with the number range)
What is 800-850?
This is when the interest rate never deviates from the original rate at all in the entire lifetime of an account.
What is a fixed rate?
This is the unexpected rise in the cost of goods, benefitting borrowers and hindering creditors/lenders
What is unanticipated inflation?
This is a special investment fund that helps to fund your future child’s higher education.
What is a 529B?
This is the total amount of money you made before taxes are taken out
This is a detailed record of one’s total debt payments, which is ultimately the basis for one’s credit score.
What is credit history?
This type of person is the opposite of someone who hoards all of their money.
What is a savvy saver?
When you borrow a fixed sum of money and pay it back in fixed amounts, you are paying back this type of debt.
What is installment debt?
Whereas investing in just one or a few stocks can be risky, investing in this allows you to invest into a vast plethora of different companies.
What is an index fund/ETF?
In their October meeting, the Federal Reserve ___ interest rates by __ point(s).
What is cut; .25
Once the balance on your card has been paid off, this type of credit is able to be used again.
What is open-end credit?
If Xavier invests $67.41 into a checking account with an interest rate of 4%, how long will it take for his money to double?
What is 18 years?
This term is the cost you pay to borrow money, usually expressed as a percentage.
What is Interest
As of right now, this person is ranked #1 in our TD Bank investment game.
Who is Sydney?
Workers often earn this extra hourly pay for working more than 40 hours in a week.
What is overtime?