Financial Literacy Study Guide

Income received after taxes and deductions

Investment includes ownership in a company and offers potential dividends

A violation or breach of a contract is called a breach

A fee is charged when you spend more money than is in your account

What kind of interest is earned on both principal and previously earned interest?

What determines local sales tax rates

Insurance required when a buyer has a small down payment

What type of savings account has the highest restrictions, but usually has higher interest rate

Investment doubling time

What financial document helps confirm contract signatures?

Financial practices that can negatively affect your credit score

Which expense type changes monthly, like utility bills

Form to report your yearly earnings and withholdings

What insurance helps pay for a stay in a nursing home

if you use a card that withdraws funds instantly from your checking account, you are using a:

When a consumer pays for an item over time, and receives it after full payment, it is known as

APR stands for Annual Percentage Rate

Form to determine how much tax your employer will withhold

Which type of insurance provides coverage after a wage earner dies

Which financial institution is member-owned and often offers the best interest rates