Chap 18: Personal Finance & Stocks

As the term of a loan increases, what generally happens to the monthly payment?

The yearly cost of credit assessed as a percentage of the amount borrowed.

The official name for a credit score is a _______ Score.

A private organization that rates companies and service providers based on consumer standards.

2 weeks after you bought a washing machine it stopped working, what should you do?

A movement to educate and protect buyers.

Researching and evaluating prices of products at different stores to find the best deal.

A ____ account is very useful for paying monthly bills but offers little to no interest.

The cost of carrying an unpaid balance on a credit card from one month to another.

The ease of turning an investment back into cash in your hand (or wallet)?

Which investment will likely carry the greatest risk?

A good that is similar to a more expensive, well known product but is not a brand name.

A portion of a corporation's profit that is returned to the owners (shareholders).

Which publicly traded corporation has the ticker symbol KO?

Certificates of agreement between borrowers and lenders are called _________.

Saving up to buy a house or car is an example of a ____- term spending goal.

The amount that you initially deposit into an investment is called the .....

Interest is always paid by the ______.

Which of the following is NOT a benefit of investing in mutual funds?

Allows consumers to pay later for goods/ services obtained now.

What will happen to the overall interest paid as the term of the loan goes up?

Which POTUS proposed a Consumer Bill of Rights in 1962?

Which investment will likely have the highest interest rate?

Buying a sweater that you don't really need but like because it's your favorite color.

For your budget balance to be positive, your ____ must be greater than your ____.

If your monthly budget shows a deficit you should spend ___ and/ or earn ____.