Column 1
What is a mortgage?
A loan from a lender
What is savings?
Money set aside for the future
What are bonds?
Investment that allows investors to lend money to a
company or government
How much does a car cost?
A car generally costs $48,401,
What is principal?
Original amount of money borrowed.
What do investors buy?
Stocks, bonds, and mutual funds
What are mutual funds?
Collection of investments that pools money from
many investors
What are stocks also known as?
Shares
What is interest?
The price you pay to borrow money
What are shares?
Represents partial ownership in a company
What various factors affect housing costs?
Location, size, and condition.
What expectation do investors have?
That their money will increase over time
What does car insurance cover?
Car damages
What does house insurance cover? (natural disasters)
Fire, tornadoes, or floods
On average how much does gas cost monthly?
$150 to $200
if you don't have insurance, does your insurance cover damages?
No, they don't