Economics Chapter 19

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

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

You should complete a FAFSA form if you want _______ .

Which is not a type of business organization?

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

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

Which of the following is guaranteed only by a promise?

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

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

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

As a borrower, you want to pay _______ .

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

payment made for the use of borrowed money

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

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

What does a stockholder “hold”?

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

Your portfolio is diversified. You have _______ investments.

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

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

persons or institutions to whom money is owed

A corporation has all the rights and responsibilities of _______ .

unincorporated business owned and run by a single person

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

If you defaulted, you failed to _______ .

Who issues municipal bonds?

Why is it important to live on a budget?

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

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

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

Who pays interest on a loan?

unincorporated business owned and operated by two or more people

Every student who wants financial aid must _______ .

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