Unit 2 (Financial Literacy)

28 termsStudBud Administration

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Questions 28

Answers

1
ranks your credit history
Principal
Interest
Term
FICO Score
2
HQ for your money; auto pays and debit card
Checking Account
Income Rule
Stock
Bonds
3
tariff
W2
1040
Import Tax
Excise Tax
4
Based on need, low interest
Stafford Unsubsidized Loan
Grant
Stafford Subsidized Loan
Perkins Loan
5
Payment to be insured
Deductible
Mill
Premium
Millage Rate
6
length of loan
Term
FICO Score
Interest
Principal
7
50 needs/30 wants/20 investment
Stock
Bonds
Income Rule
Checking Account
8
Starts interest after graduation
Perkins Loan
Grant
Stafford Unsubsidized Loan
Stafford Subsidized Loan
9
At least 20% of cost paid up front
Mortgage
Down Payment
Lease
Depreciation
10
Starts interest during school
Perkins Loan
Stafford Unsubsidized Loan
Stafford Subsidized Loan
Grant
11
Form showing income and tax withheld
1040
Import Tax
W2
Excise Tax
12
purchases with checking account
Balance Transfer Card
Debit Card
Credit Card
APR
13
$1 tax for every $1,000 of taxable property value
Mill
Millage Rate
Deductible
Premium
14
cost of borrowing
Principal
FICO Score
Interest
Term
15
Interest rate plus fees
Credit Card
APR
Debit Card
Balance Transfer Card
16
Tax form employees use
W2
1040
Excise Tax
Import Tax
17
Decreasing value
Mortgage
Mortgage
Depreciation
Lease
18
How much you pay before insurance kicks in
Mill
Deductible
Premium
Millage Rate
19
Property Tax Rate
Deductible
Millage Rate
Mill
Premium
20
amount borrowed
Principal
FICO Score
Interest
Term
21
Free money from school
Perkins Loan
Stafford Unsubsidized Loan
Stafford Subsidized Loan
Grant
22
Sharing ownership in a company
Stock
Income Rule
Bonds
Checking Account
23
Tax on a specific good or service
Import Tax
W2
1040
Excise Tax
24
Paying to borrow a car for 3 years
Mortgage
Mortgage
Lease
Depreciation
25
Loan to buy a house
Depreciation
Mortgage
Mortgage
Lease
26
helps pay off credit card debt
Credit Card
Balance Transfer Card
APR
Debit Card
27
purchases with a loan
Debit Card
Balance Transfer Card
Credit Card
APR
28
Organizations issue them to get loans
Checking Account
Bonds
Stock
Income Rule

Unit 2 (Financial Literacy) Flashcards | StudBud

Unit 2 (Financial Literacy)

28 termsStudBud Administration

Imported from external platform

Flashcards28 cardsFPractice quizPHost liveL

Questions 28

Answers

1
ranks your credit history
Principal
Interest
Term
FICO Score
2
HQ for your money; auto pays and debit card
Checking Account
Income Rule
Stock
Bonds
3
tariff
W2
1040
Import Tax
Excise Tax
4
Based on need, low interest
Stafford Unsubsidized Loan
Grant
Stafford Subsidized Loan
Perkins Loan
5
Payment to be insured
Deductible
Mill
Premium
Millage Rate
6
length of loan
Term
FICO Score
Interest
Principal
7
50 needs/30 wants/20 investment
Stock
Bonds
Income Rule
Checking Account
8
Starts interest after graduation
Perkins Loan
Grant
Stafford Unsubsidized Loan
Stafford Subsidized Loan
9
At least 20% of cost paid up front
Mortgage
Down Payment
Lease
Depreciation
10
Starts interest during school
Perkins Loan
Stafford Unsubsidized Loan
Stafford Subsidized Loan
Grant
11
Form showing income and tax withheld
1040
Import Tax
W2
Excise Tax
12
purchases with checking account
Balance Transfer Card
Debit Card
Credit Card
APR
13
$1 tax for every $1,000 of taxable property value
Mill
Millage Rate
Deductible
Premium
14
cost of borrowing
Principal
FICO Score
Interest
Term
15
Interest rate plus fees
Credit Card
APR
Debit Card
Balance Transfer Card
16
Tax form employees use
W2
1040
Excise Tax
Import Tax
17
Decreasing value
Mortgage
Mortgage
Depreciation
Lease
18
How much you pay before insurance kicks in
Mill
Deductible
Premium
Millage Rate
19
Property Tax Rate
Deductible
Millage Rate
Mill
Premium
20
amount borrowed
Principal
FICO Score
Interest
Term
21
Free money from school
Perkins Loan
Stafford Unsubsidized Loan
Stafford Subsidized Loan
Grant
22
Sharing ownership in a company
Stock
Income Rule
Bonds
Checking Account
23
Tax on a specific good or service
Import Tax
W2
1040
Excise Tax
24
Paying to borrow a car for 3 years
Mortgage
Mortgage
Lease
Depreciation
25
Loan to buy a house
Depreciation
Mortgage
Mortgage
Lease
26
helps pay off credit card debt
Credit Card
Balance Transfer Card
APR
Debit Card
27
purchases with a loan
Debit Card
Balance Transfer Card
Credit Card
APR
28
Organizations issue them to get loans
Checking Account
Bonds
Stock
Income Rule