Financial Literacy

20 termsStudBud Administration12 plays

Learn some basic financial lingo

Flashcards20 cardsFPractice quizPHost liveL

Questions 20

Answers

1
The decrease in value of an asset over time
Depreciation
Appreciation
Market Value
When your money loses weight
2
Money owed by one party to another party
Asset
That thing you pretend doesn't exist until the bills arrive
Equity
Debt
3
A period of temporary economic decline during which trade and industrial activity are reduced
Recession
Bull Market
When the economy decides to take a nap
Inflation
4
Loans to governments or corporations, offering lower returns but greater stability
The funds that said "I'll be back" in an Arnold Schwarzenegger voice
Bonds
Equity
Certificate of Deposit
5
The portion of your paycheck that an employer withholds to pay taxes, Social Security, Medicare, etc.
Tax Bracket
Money that went on vacation without you
Net Income
Payroll Deductions
6
The percentage of your income that goes toward housing expenses
Debt-to-Income Ratio
Housing Ratio
The reason you eat ramen noodles at the end of the month
Credit Utilization
7
A type of bank account that allows you to deposit money and withdraw it on demand
Checking Account
Annuity
A magical bottomless wallet
Certificate of Deposit
8
Using borrowed capital for an investment, expecting the profits to be greater than the interest payable
Yield
Liquidity
Wishful thinking
Leverage
9
Reducing risk by allocating investments among various financial instruments
Throwing money in different directions and hoping for the best
Compound Interest
Market Capitalization
Diversification
10
The difference between the value of assets and the value of liabilities
Gross Income
Net Worth
Stuff you can brag about owning
Portfolio
11
An account that allows you to deposit funds, withdraw funds and earn interest
A magical piggy bank that multiplies coins overnight
Savings Account
Mortgage
Credit Card
12
The amount of money originally invested or loaned
Return on Investment
The money that went from "yours" to "temporarily not yours"
Interest
Principal
13
A measure of a borrower's creditworthiness based on their credit history
The number of times you've said "I'll pay you back next week"
Loan Term
Credit Score
Interest Rate
14
A person who buys and sells financial instruments with the goal of making a profit
Creditor
A money wizard with a crystal ball
Investor
Debtor
15
A fee charged by a lender to a borrower for the use of borrowed money
Principal
The lender's way of saying "thanks for the loan"
Interest
Collateral
16
A written promise to repay a specified sum of money by a certain date
Promissory Note
Credit Report
A sticky note saying "IOU" on your friend's fridge
Mortgage
17
The increase in value of an asset over time
Inflation
Stagnation
Appreciation
Depreciation
18
The general increase in prices and fall in the purchasing value of money
When your money goes on a diet and shrinks
Depreciation
Inflation
Recession
19
A mortgage in which the interest rate remains the same for the entire term
Adjustable-Rate Mortgage
Fixed-Rate Mortgage
A house payment that promises to never surprise you
Home Equity Loan
20
The money earned before expenses are deducted
Laundered Money
Net Income
Disposable Income
Gross Income

Financial Literacy Flashcards | StudBud

Financial Literacy

20 termsStudBud Administration12 plays

Learn some basic financial lingo

Flashcards20 cardsFPractice quizPHost liveL

Questions 20

Answers

1
The decrease in value of an asset over time
Depreciation
Appreciation
Market Value
When your money loses weight
2
Money owed by one party to another party
Asset
That thing you pretend doesn't exist until the bills arrive
Equity
Debt
3
A period of temporary economic decline during which trade and industrial activity are reduced
Recession
Bull Market
When the economy decides to take a nap
Inflation
4
Loans to governments or corporations, offering lower returns but greater stability
The funds that said "I'll be back" in an Arnold Schwarzenegger voice
Bonds
Equity
Certificate of Deposit
5
The portion of your paycheck that an employer withholds to pay taxes, Social Security, Medicare, etc.
Tax Bracket
Money that went on vacation without you
Net Income
Payroll Deductions
6
The percentage of your income that goes toward housing expenses
Debt-to-Income Ratio
Housing Ratio
The reason you eat ramen noodles at the end of the month
Credit Utilization
7
A type of bank account that allows you to deposit money and withdraw it on demand
Checking Account
Annuity
A magical bottomless wallet
Certificate of Deposit
8
Using borrowed capital for an investment, expecting the profits to be greater than the interest payable
Yield
Liquidity
Wishful thinking
Leverage
9
Reducing risk by allocating investments among various financial instruments
Throwing money in different directions and hoping for the best
Compound Interest
Market Capitalization
Diversification
10
The difference between the value of assets and the value of liabilities
Gross Income
Net Worth
Stuff you can brag about owning
Portfolio
11
An account that allows you to deposit funds, withdraw funds and earn interest
A magical piggy bank that multiplies coins overnight
Savings Account
Mortgage
Credit Card
12
The amount of money originally invested or loaned
Return on Investment
The money that went from "yours" to "temporarily not yours"
Interest
Principal
13
A measure of a borrower's creditworthiness based on their credit history
The number of times you've said "I'll pay you back next week"
Loan Term
Credit Score
Interest Rate
14
A person who buys and sells financial instruments with the goal of making a profit
Creditor
A money wizard with a crystal ball
Investor
Debtor
15
A fee charged by a lender to a borrower for the use of borrowed money
Principal
The lender's way of saying "thanks for the loan"
Interest
Collateral
16
A written promise to repay a specified sum of money by a certain date
Promissory Note
Credit Report
A sticky note saying "IOU" on your friend's fridge
Mortgage
17
The increase in value of an asset over time
Inflation
Stagnation
Appreciation
Depreciation
18
The general increase in prices and fall in the purchasing value of money
When your money goes on a diet and shrinks
Depreciation
Inflation
Recession
19
A mortgage in which the interest rate remains the same for the entire term
Adjustable-Rate Mortgage
Fixed-Rate Mortgage
A house payment that promises to never surprise you
Home Equity Loan
20
The money earned before expenses are deducted
Laundered Money
Net Income
Disposable Income
Gross Income