Are you Interested? (4)
Common word for "nest egg"
What is Saving
A thing that is borrowed, especially a sum of money that is expected to be paid back with interest.
What is a loan
What is a charge card
A way to determine a purchase is worth the money
What is consumer research?
or other answer
An instrument of indebtedness
What is a bond
Amount you gain in exchange for the risk you take
What is return on investment
Money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.
What is interest?
A small plastic card issued by a bank, business, etc., allowing the holder to purchase goods or services on credit.
What is a credit card?
Three places to comparison shop
(any three stores in a question)
The capital raised by a business or corporation through the issue and subscription of shares.
What is a stock
To expend money with the expectation of achieving a profit or material result by putting it into financial schemes, shares, or property, or by using it to develop a commercial venture.
What is investing?
Interest stated as a yearly rate
APR (Annual percentage rate)
A card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase.
What is a debit card?
Three ways to research a purchase
Any three valid responses
An investment program funded by shareholders that trades in diversified holdings and is professionally managed.
What is a mutual fund?
Determined by multiplying the daily interest rate by the principal by the number of days that elapse between payments.
What is simple interest
What is common between these?
What are ways to borrow money?
The lowest amount a customer can pay on their revolving credit account per month to remain in good standing with the credit card company
What is a minimum payment?
A finance plan that allocates future personal income towards expenses, savings and debt repayment.
A contract between an insurer and a policyholder in which the insurer guarantees payment of a death benefit to named beneficiaries upon the death of the insured.
What is Life insurance?
Calculated on the initial principal and which also includes all of the accumulated interest of previous periods of a deposit or loan.
What is compound interest
What are these examples of
Ways to pay off or get out of debt
A report card on how you manage your finances.
What is a Credit Report
What is a savings bond?
What is a Certificate of Deposit