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Financial Literacy: Savings, Loans, & Investments Flashcards | StudBud
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Financial Literacy: Savings, Loans, & Investments
Financial Literacy: Savings, Loans, & Investments
25 terms
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StudBud Administration
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2,233 plays
A #banking and #finance review covering #savings, #loans, & #investments.
Flashcards
25 cards
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Practice quiz
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Questions
25
Answers
1
a loan guaranteed with collateral
Secured
Lump sum
Unsecured
Installment
2
increase in the capital market’s overall value reflecting an increase in the value companies
Bear market
Bull market
Portfolio
Trades
3
Which of the following is NOT one of the three main investment categories?
Cash
Stocks
Mutual funds
Bonds
4
fees included for application processing, attorney's expertise, and your credit report
Upfront fees
Registration fees
Application fees
Lawyer fees
5
an account with an advantage that allows you to access your money anytime you want
Parental savings account
Certificate of deposit account
Basic savings account
Money market savings account
6
the additional amount of money you will repay to the bank, with the amount borrowed with loan
Principal
Fixed rate
Cost (Interest)
Term
7
requires the borrower to make monthly, or other types of regular payments
Installment
Secured
Lump sum
Unsecured
8
this is gathered from your public record and customer credit information
Credit certificate
Credit history
Birth certificate
Credit hickory
9
may not have to pay these as an advantage of having a checking and savings at the same bank
Upfront fees
Registration fees
Service fees
Balance fees
10
decline in the capital market’s overall value reflecting a substantial drop in prices
Portfolio
Bear market
Bull market
Trades
11
this payment targets a specific date to pay off the amount borrowed
Loan check
Loan payment
Credit payment
Credit check
12
Which of the following choices is NOT one of the three basic ways you can use real estate?
Give it away as a gift to a charity
Live in it as your primary residence
Use it as rental property
“Flip” it
13
normally required for you to maintain in order to keep your checking/savings account open
Matching balance
Off balance
Minimum balance
Maximum balance
14
allows you access to checking and savings account at almost any time
Online banking
Online basking
Online blanking
Online barking
15
this is the most important component of your credit score
New credit acquired
Payment history
Types of credits used
Total amount owed
16
known as the amount of money actually borrowed with the loan
Principle
Principal
Pinterest
Princess
17
a set limit of money borrowed at any one time and interest is only paid on the amount borrowed
Limit credit
Bad credit
Adjustable rate loan
Line of credit
18
used to describe buying and selling stocks or bonds on the capital market
Portfolio
Bull market
Bear market
Trades
19
best account for transferring monthly money from savings into a personal checking account
Money market savings account
Future deposit account
Personal savings account
Certificate of deposit account
20
total holdings of the securities, commercial paper, etc. of a financial institution or investor
Bull market
Portfolio
Bear market
Trades
21
most basic savings accounts are insured by this institution
FDIC
FDCO
FICO
FDLC
22
account you can invest in where you will not need access to your money for a set amount of time
Personal savings account
Certificate of deposit account
Future deposit account
Money market savings account
23
lenders have you complete this to view expenses, obligations, income, credit history and score
Loan application
Credit application
Credit check
Loan deferral
24
institutions responsible for providing your credit score, i.e. Equifax, Experian, & TransUnion
Credit bureaus
Credit card companies
Credit exchange companies
Federal bureaus
25
a loan due in one full payment
Unsecured
Lump sum
Secured
Installment
