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Financial Literacy: Savings, Loans, & Investments Flashcards | StudBud
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Financial Literacy: Savings, Loans, & Investments
Financial Literacy: Savings, Loans, & Investments
25 terms
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StudBud Administration
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58 plays
A #banking and #finance review covering #savings, #loans, & #investments.
Flashcards
25 cards
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Practice quiz
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Questions
25
Answers
1
requires the borrower to make monthly, or other types of regular payments
Installment
Secured
Lump sum
Unsecured
2
a loan guaranteed with collateral
Secured
Installment
Lump sum
Unsecured
3
total holdings of the securities, commercial paper, etc. of a financial institution or investor
Bear market
Trades
Portfolio
Bull market
4
account you can invest in where you will not need access to your money for a set amount of time
Personal savings account
Certificate of deposit account
Future deposit account
Money market savings account
5
best account for transferring monthly money from savings into a personal checking account
Personal savings account
Future deposit account
Money market savings account
Certificate of deposit account
6
Which of the following choices is NOT one of the three basic ways you can use real estate?
“Flip” it
Live in it as your primary residence
Give it away as a gift to a charity
Use it as rental property
7
increase in the capital market’s overall value reflecting an increase in the value companies
Bear market
Bull market
Trades
Portfolio
8
fees included for application processing, attorney's expertise, and your credit report
Upfront fees
Application fees
Registration fees
Lawyer fees
9
a set limit of money borrowed at any one time and interest is only paid on the amount borrowed
Line of credit
Limit credit
Adjustable rate loan
Bad credit
10
known as the amount of money actually borrowed with the loan
Principal
Pinterest
Princess
Principle
11
institutions responsible for providing your credit score, i.e. Equifax, Experian, & TransUnion
Credit card companies
Credit exchange companies
Federal bureaus
Credit bureaus
12
the additional amount of money you will repay to the bank, with the amount borrowed with loan
Fixed rate
Principal
Cost (Interest)
Term
13
decline in the capital market’s overall value reflecting a substantial drop in prices
Bull market
Bear market
Trades
Portfolio
14
most basic savings accounts are insured by this institution
FICO
FDIC
FDLC
FDCO
15
Which of the following is NOT one of the three main investment categories?
Bonds
Mutual funds
Cash
Stocks
16
used to describe buying and selling stocks or bonds on the capital market
Portfolio
Bear market
Bull market
Trades
17
an account with an advantage that allows you to access your money anytime you want
Certificate of deposit account
Money market savings account
Basic savings account
Parental savings account
18
this is the most important component of your credit score
Payment history
Types of credits used
Total amount owed
New credit acquired
19
normally required for you to maintain in order to keep your checking/savings account open
Maximum balance
Minimum balance
Matching balance
Off balance
20
this is gathered from your public record and customer credit information
Credit history
Credit hickory
Credit certificate
Birth certificate
21
this payment targets a specific date to pay off the amount borrowed
Loan payment
Credit check
Credit payment
Loan check
22
may not have to pay these as an advantage of having a checking and savings at the same bank
Registration fees
Balance fees
Upfront fees
Service fees
23
lenders have you complete this to view expenses, obligations, income, credit history and score
Loan deferral
Credit check
Loan application
Credit application
24
a loan due in one full payment
Secured
Installment
Lump sum
Unsecured
25
allows you access to checking and savings account at almost any time
Online basking
Online barking
Online blanking
Online banking
