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Financial Literacy Review Flashcards | StudBud
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Financial Literacy Review
Financial Literacy Review
32 terms
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StudBud Administration
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What do you remember about financial literacy
Flashcards
32 cards
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Practice quiz
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Questions
32
Answers
1
This is a contract between you and the apartment owner, this is known as...
contract
loan
lease
interest
2
The fee some issuers charge to manage your credit card account, this is known as...
credit fee
interest
annual fee
compound fee
3
Items of convenience provided to the apartment leasee typically at no charge such as water
utilities
features
conveniences
amenities
4
How often are dividends paid out?
monthly
yearly
3 months
4 months
5
Buying shares of a company is known as:
savings account
certificate of deposit
dividend
stocks
6
Loaning money to government, promise to repay with interest, this is known as
Savings Bond
Dividend
Certificate of Deposit
Savings Account
7
An APR that generally does not change is known as...
annual rate
permanent interest rate
fixed interest rate
credit rate
8
Interest earned on both the principal and previously earned interest, this is known as:
Interest
Mutual Funds
Dividend
Compound Interest
9
Deposit account at a bank which pay interest is known as:
Savings Account
Roth IRA
Certificate of Deposit
Mutual Funds
10
This is a card that gives you and anyone else who name is on the card access to your account
bank card
credit card
signature card
credit card statement
11
The ability to convert an asset to cash quickly without penalty, this is known as
Interest
Principal
Liquidity
Stocks
12
Low introductory rate of APR to attract customers is known as...
Annual Fee
Introductory Rate
Interest Fee
Interest Limit
13
Money in an account for a fixed period of time earning a fixed rate is known as:
certificate of deposit
principal
dividend
stocks
14
Cash distribution by a company to its shareholders, this is known as
Stocks
Mutual Funds
Principal
Dividends
15
Contribution comes directly out of paycheck before tax, this is known as
Dividend
Savings Bond
401K
Mutual Funds
16
Pool money in a fund managed by a professional money manager is known as:
401K
Certificate of Deposit
Dividend
Mutual Fund
17
This transfers the entire check to another party only, this is known as...
restrictive endorsement
blank endorsement
special endorsement
regular endorsement
18
What is an example of liquid asset?
Car
Home
Savings Account
Certificate of Deposit
19
Profile of your financial life. Indicates if you pay bills on time and how much debt you carry.
credit rating
credit availability
credit limit
credit score
20
The ability to convert an asset to cash quickly without penalty is known as...
compound interest
liquidity
interest
principal
21
Method of determining whether or not you can be expected to pay your bills.
credit scoring
factors of credit
credit limit
maximizing credit
22
The process of moving an unpaid credit card debt from one issuer to another, this is known as
balance fees
balance availability
balance accountability
balance transfer
23
The maximum amount of credit available on your card, this is known as...
annual fee
credit limit
credit availability
credit score
24
Amount of money borrowed/deposit which interest is paid, this is known as
Dividend
Mutual Funds
Compound Interest
Principal
25
Type of endorsement that indicates who and where the check is going is known as...
endorsement
special endorsement
restrictive endorsement
blank endorsement
26
What type of endorsement allows anyone to cash the check, this is known as...
blank endorsement
special endorsement
direct endorsement
restrictive endorsement
27
This is a bank slip that indicates the money being withdrawn or added to an account, this is ..
signature card
bank slip
verification slip
deposit slip
28
Pay taxes then money goes into an IRA, this is known as
Certificate of Deposit
Dividends
Roth IRA
Stocks
29
You are able to withdraw money from your IRA without penalty for what reason?
Buying a first time home purchase
Lowers tax bracket
Earning interest
10%
30
Interest rate used to calculate how much finance charges will accumulate if you have a balance
Annual Fee
Interest
Compound rate
APR
31
Automatically placed in your account, this is known as
endorsement
direct deposit
automatic
pay check
32
Price paid for the use of another's money, this is known as
Compound Interest
Savings Bond
Interest
Dividend