Economics Chapter 19

A man borrows money. If he does not repay, the bank will take the house. What is the house?

money borrowed that is guaranteed only by a promise to repay it

business organization recognized by law as a separate legal entity w/ the rights of a person

payment made for the use of borrowed money

The terms general, joint, and limited apply to which type of organization?

As a borrower, you want to pay _______ .

Which is the best synonym for the bonds that are used to raise corporate capital?

When renting an apartment, your monthly rent should not be more than the amount you earn in ___

Passbook accts, money market deposit accts, money market mutual funds, & CDs are good ways to

Who issues municipal bonds?

person who owns a share or shares of stock in a corporation

To invest in the government, a person can invest in _______.

persons or institutions to whom money is owed

What does a stockholder “hold”?

Why is it important to live on a budget?

Which of the following is guaranteed only by a promise?

Every student who wants financial aid must _______ .

something of value that a lender can claim if a loan is not repaid

The _______ rates for adjustable-rate mortgages vary over time, unlike fixed-rate mortgages.

You have a passbook account. Therefore, you are a(n) _______ .

Who pays interest on a loan?

unincorporated business owned and run by a single person

Which is not a type of business organization?

Which of the following are considered a “financial institution”?

How much money should you save before you start renting an apartment?

money borrowed that is backed up with something of value in case the borrower can't pay it back

You should complete a FAFSA form if you want _______ .

monthly, quarterly, semiannual, or annual price paid for an insurance policy

unincorporated business owned and operated by two or more people

In most states, it is illegal to drive without _______ .

If you defaulted, you failed to _______ .

A corporation has all the rights and responsibilities of _______ .

What is the best title for a list that includes: Direct Subsidized; and Direct Consolidation?

Your portfolio is diversified. You have _______ investments.