Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Wise Cost Of Money Terms
Test Description: Terms
Instructions: Answer all questions to get your test result.
1) Interest calculated on both the principal and the accrued interest.
A
Fixed Interest
B
Simple Interest
C
Variable interest
D
Compound interest
2) A fee charged for the use of credit
A
Rule 72
B
Finance Charge
C
Minimum payment
D
Principal
3) are certificate of debt that earn fixed interest., sometimes called an IOU
A
Variable interest
B
Time value of money
C
Bonds
D
Buying Power
4) ____ is a plan for spending money.
A
Principal
B
Finance Charge
C
budget
D
FDIC
5) is the money you have left over after paying for the essentials, such as food, clothing, utilities, insurance, and shelter.
A
Discretionary
B
Principal
C
Liquidity
D
FDIC
6) The ease with which an asset can be converted into cash
A
FDIC
B
Liquidity
C
Notify the lending institution about state usury laws.
D
Fixed
7) when the FED lowers the interest rate, it is trying to
A
Print Money
B
stimulate the economy by encouraging spending or borrowing
C
Increase inflation
D
Balance Budget= Income - Expenses
8) Protects depositors' money in case of the failure of a bank; up to $250,000.00
A
Usury
B
Principal
C
Liquidity
D
FDIC
9) Refers to the fact that money received today is worth more than money received next year or the year after.
A
Subsidy
B
10%
C
Time Value of Money
D
Face value
10) a plan in which the employer's contribution to employees' retirement savings funds and match a portion of what you save.
A
6 month ,Emergency Fund is the 1st thing you should save for
B
401k
C
Fixed Interest
D
Variable interest
11) A rising rate of inflation is most difficult for people who are
A
CD Certificate of Deposit
B
make strategies for savings and investing
C
People living in California
D
living on fixed incomes
12) The monthly payments on homeowners 5.5% variable rate mortgage will
A
be the same amount for the entire life of the loan
B
fluctuate depending on the value of the property
C
FDIC $250,000
D
Pay Yourself First 10%
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?