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Which term refers to the sum of money put into an account or the amount of money you borrow?
to make funds available to banks when cash reserves were low
commodity
I = PxRxT
tighter credit restrictions
principal
time value of money
Payday loan stores charge much higher fees than banks.
direct deposit
What was one result of increased mortgage foreclosures after 2007?
to make funds available to banks when cash reserves were low
commodity
I = PxRxT
tighter credit restrictions
principal
time value of money
Payday loan stores charge much higher fees than banks.
direct deposit
What is one disadvantage of getting money from a payday loan store?
to make funds available to banks when cash reserves were low
commodity
I = PxRxT
tighter credit restrictions
principal
time value of money
Payday loan stores charge much higher fees than banks.
direct deposit
What is the term that describes a form of money that has intrinsic value?
to make funds available to banks when cash reserves were low
commodity
I = PxRxT
tighter credit restrictions
principal
time value of money
Payday loan stores charge much higher fees than banks.
direct deposit
What was the purpose of establishing the Federal Reserve Bank?
to make funds available to banks when cash reserves were low
commodity
I = PxRxT
tighter credit restrictions
principal
time value of money
Payday loan stores charge much higher fees than banks.
direct deposit
When an employer sends your paycheck directly to the bank, it is called _____.
to make funds available to banks when cash reserves were low
commodity
I = PxRxT
tighter credit restrictions
principal
time value of money
Payday loan stores charge much higher fees than banks.
direct deposit
Which is the correct formula for calculating simple interest?
to make funds available to banks when cash reserves were low
commodity
I = PxRxT
tighter credit restrictions
principal
time value of money
Payday loan stores charge much higher fees than banks.
direct deposit
"The longer money is saved, the more it can increase" relates to which phrase?
to make funds available to banks when cash reserves were low
commodity
I = PxRxT
tighter credit restrictions
principal
time value of money
Payday loan stores charge much higher fees than banks.
direct deposit
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