General Financial Literacy Final Review

116 termsStudBud Administration2,796 plays

General Financial Literacy Quiz covering Utah State Core Standards and Objectives 2015-2016 for grades 11-12

Flashcards116 cardsFPractice quizPHost liveL

Questions 116

Answers

1
Rate charged for borrowing money, expressed as a single percentage
Beneficiary
Loan
Interest Rate
APR
2
marketing strategies used to attract customers to a new product by offering a low initial price
Check deposit
inventory
penetration pricing
endorsements
3
federal law giving customers to banks the right to a measure of privacy from government search
regulation D
Right to Financial Privacy Act
equal credit opportunity act
home mortgage disclosure act
4
the buying and selling of goods over the internet
chex systems
truth in lending act
online commerce
NSF
5
Contract by which one pays someone else for the value of lost or damaged life or property
Limits
Premium
Insurance
Coverage
6
A sustained decrease in the average price level of all the goods and services in an economy
Depression
Insurance
Recession
Deflation
7
covers a portion of medical expenses due to illness and disease
house insurance
life insurance
car insurance
health insurance
8
examining different brands or models of a product as well as prices before deciding to buy
Comparison Shopping
Product Placement
Merchandising
Advertising
9
The process of making economic decisions based on the problem of limited resources
Goals
Financial Literacy
Opportunity costs
Marketing Strategies
10
The planning and promotion of sales of products to the right market at the right time
penetration pricing
Consumers
endorsements
Merchandising
11
Free Application for Federal Student Aid
FDIC
FAFSA
taxes
NCUA
12
Member owned financial cooperative institution, where profits are shared by members an owmers
Bank
Loan Agency
Credit Union
Insurance Company
13
A Financial Institution licensed as a receiver of deposits - 2 types - retail and investment
Trade Union
Bank
Investment Broker
Credit Card
14
an institution that provides money for borrowers.
credit union
bank
loan agency
insurance company
15
Costs which occur on an irregular basis, but are expected at times
fixed expenses
Periodic expenses
groceries
variable expenses
16
Employees make deductions to salary. Taxed at withdrawal, not at deposit, for private companies
529 Plan
401k
403b
Roth IRA
17
Interest paid both on the principal and on accumulated umpaid interest
compound interest
Direct Deposit
Investment
simple Interest
18
A subset of Economics that describes the management, creation and study of money
Marketing Stragegies
Finance
Opportunity Costs
Supply and Demand
19
insurance designed to offer income payments for conditions making employment impossible
the Fed
short term disability
W2
long term disability
20
a rewards program offered by a company to customers who frequently make purchases
customer loyalty programs
consumers
penetration pricing
product placement
21
process of determining long term income goals and actions necessary to achieve those goals
Investments
short term investments
Retirement Planning
Pensions
22
a phrase commonly used in personal finance planning, automatically contribute to savings
PYF
BYOB
PD
FDIC
23
Maximum lifetime dollar amount a health insurance company agrees to pay for covered services.
Lifetime Limit
Deductible
Limits of Coverage
Grace Period
24
When a person or business is unable to repay outstanding debts
Beneficiary
Budget
Bankruptcy
Credit Card Debt
25
an employment form completed when getting a job so employers can withhold federal income taxes
FAFSA
W2
W4
1040EZ
26
money given to an organization that exists to benefit society as a whole, usually non-profit
Entrepreneurship
Finance
taxes
Charitable Contribution
27
covers the life on the insured for a fixed amount at a definite premium paid each year
health insurance
life insurance
car insurance
house insurance
28
Profession or field of employment for which one trains. 
Career
Job
Manager
Occupation
29
a consumer banking technology that allows for payments through online 3rd party hosts
mobile payments
remote check deposit
consumer to consumer C2C
online bill pay
30
a form of advertising in which brands are noticeable within productions for large audiences
penetration programs
merchandising
endorsements
product placement
31
non-wage compensation provided to employees, usually taxable.
fees
taxes
Budget
benefits
32
a consumer banking technology where one receives payments electronically via ACH
credit cards
Pay yourself first
Direct Deposit
FDIC
33
a rise in the general or average price level of all the goods and services in an economy
Depression
Recession
Inflation
Expansion
34
an investment that will expire within one year
reinvestement
short term investment
long term investment
Dividends
35
higher education instituions operated by private, profit seeking businesses
FAFSA
for profit school
private school
public school
36
an acronym used in banking to signify that the account cannot honor a check drawn on an account
truth in lending
NSF
bounced checks
phishing
37
A business cycle phase characterized by a surge in business activity until it peaks
Expansion
Recession
Inflation
Premium
38
job or profession
Occupation
Commissions
Job
Career
39
The ability to put off the enjoyable now for something more rewarding later.
Candy
Delayed Gratification
The Marshmallow
Instant Gratification
40
law protecting consumers engaged in electronic funds transfers
Electronic Funds Transfer Act
c
41
a goal intended to assure financial security now and in the future.
Salary
Finance
Financial Goal
SMART goals
42
law requiring banks to provide mortgage data to the public
right to financial provacy act
fair debt collections practices act
Regulation D
home mortgage disclosure act
43
money set aside for profit, holdings purchased with expectations of increased value, with risk
savings
tips
wages
Investment
44
Universities and colleges generally supported by tax dollars
FAFSA
for profit post-secondary
public post-secondary
private post-secondary
45
interest paid or figured on the original amount of a loan
Compound Interest
Investment
Money Market
Simple Interest
46
insufficient funds in an account, the bank will refuse to honor a check exceeding amount
Overdraft fee
Chex-Systems
NSF
Bounced Check
47
The cost of Borrowing Money
Investment
CD
Money Market
Interest
48
investor does not receive quarterly dividends directly as cash, but is directly reinvested
dividend reinvestment
IRA
time value of money
finance
49
a fixed regular payment made by an employer to an employee for unskilled labor
comission
salary
tips
wages
50
a form of credit that is not backed by collateral like a home or car, often used by credit card
credit
late fee
APR
unsecured credit
51
the process of the bank paying for charges to your account when there are insufficient funds
truth in lending act
over draft processing
chex.systems
online commerce
52
tax form completed by employers for which federal taxes were withheld
I9
W2
1040EZ
W4
53
an economic force and theory explaining the interaction between goods and their desirability
Finance
Opportunity Costs
Marketing
Supply and Demand
54
A financial plan used to forecast and track income and expenses.
Budget
Finance
Economics
Closing Costs
55
a fee assessed when a consumer abuses credit by not paying on time
collections
Late Fees
EBT
missed payments
56
money now is more valuable than money later - if you invest it now
Risk
Time Value of Money
Rule of 72
Diversification
57
an account that is used to set aside fund in times of need
Money Market
Emergency Fund
Checking Account
Savings Account
58
Money earned from a job or other sources
Expensess
Income
Emergency Fund
Interest
59
a notification sent to a borrower when they have abused credit
late fees
collection notice
missed payments
home owner
60
federal law against discriminating against applicants for credit based on civil rights
regulation D
right to financial privacy act
Equal Credit Opportunity act
home mortgage disclosure act
61
a group of banks that contribute information on closed accounts, shared to help assess risk
Closing Costs
Chex-Systems
Benefits
Taxes
62
The amount paid for a contract of insurance.
variable expenses
Deductible
Premium
Grace Period
63
an online tool that helps students understand options for paying for college
Taxes
Resume
W2
FAFSA4CASTER
64
one who assumes the risk for another person's debt
collateral
Risk Management
Marketing
co-signer
65
Financial Goals that take more than five years to accomplish
short term financial goals
W2
long term financial goals
intermediate term financial goals
66
Fees paid at the end of a real estate transation
Closing Costs
Mutual Funds
taxes
Charitable contriubtions
67
ratio used by investors to compare expected returns compared to the risks undertaken
Recession
Inflation
Investor behavior
Risk/Reward
68
federal regulation requiring transparent methods for disclosing the true costs of credit
home mortgage disclosure act
equal credit opportunity act
Fair debt collections practices act
Truth in Lending Act
69
a type of credit abuse where a consumer doesn't make the agreed upon payments
late fees
auto insurance
collection notice
missed payments
70
an investment that is held for over a year
long term investment
CD
Money Market
short term investment
71
a line of credit where the customer pays a fee and is then allowed to use funds as needed
revolving credit
bill pay
home loan
default rates
72
To call attention to something, showing desirable qualities
shouting
showcasing
advertising
73
The largest total amount the insurance company will pay for covered losses.
Grace Period
Life Insurance
Premium
Limits of Coverage
74
The study of how people use limited resources in satisfaction of their limitless wants
Entrepreneurship
Financial literacy
Supply and Demand
Economics
75
the capacity and willingness to manage business ventures and its risk; starting a new business
Employment
Supply and Demand
FAFSA
Entrepreneurship
76
providing money or goods with the trust and expectation of payment in the future
debit
credit
home loan
late fee
77
Money or other funds taken in or gained from labor, business or property
inheritance
benefits
Revenue
Finance
78
employment form that requires an employee to show proof of authorization to work legally
1040EZ
I9
W4
W2
79
a consumer banking technology where images of checks are deposited using smartphones
Remote Check Deposit
Online Bill Pay
mobile payments
C2C
80
Real or potential costs associated with missed opportunities based on choices made.
investments
taxes
Opportunity Costs
Economics
81
A collection of qualifications and experience prepared by a job applicant.
Job Application
taxes
FAFSA
Resume
82
assets passed down from parents to offspring
401k
529 plans
benefits
Inheritance
83
protects against physical damage or bodily injury resulting in traffic collisions and liability
health insurance
auto insurance
home owners insurance
life insurance
84
The initial amount of money borrowed
Amortization
Interest
Load
Principal
85
A person who benefits from something; one who gets insurance money when policy funds go out
Certificate of Deposit
Benefits
Beneficiary
Life Insurance
86
an individual retirement account plan, taxed upon deposit rather than withdrawal
Money Market
IRA
Roth IRA
Divident Reinvestment
87
The amount of money an insured person pays before the insurance company makes payments for loss
Variable Expenses
Deductible
Copay
Principal
88
a consumer banking technology that allows payments to be made with a smartphone
Mobile payments
reloadable credit
online bill pay
credit cards
89
Tax-advantaged savings plans for college. Utah's is called a UESP.
529 Plan
Roth IRA
401k
403b
90
US government corporation providing deposit insurance at banks up to 250
The Fed
NCUA
401k
FDIC
91
Position of employment with specific duties and compensation
Career
Job
Occupation
Salary
92
a method used to quickly estimate the time an investment will double at a given interest rate
Risk
Dividend
Rule of 72
Diversification
93
an investing scam promising high returns with little risk, generating returns for older investo
bounced checks
Ponzi scheme
pyramid scheme
MLM scheme
94
An approval of a product by some authority, perhaps by a celebrity or expert
endorsements
customer loyalty
deposits
consumers
95
A cost of goods or services that changes in amount from week to week or month to month
Groceries
Variable Expenses
Periodic Expenses
Fixed Expenses
96
A schedule of payments showing the amounts of principal and interest that make up payments.
APR
Interest
Roth IRA
Amortization Table
97
a risk management technique that mixes a wide variety of investments within a portfolio
Diversification
Rule of 72
Time Value of Money
Risk
98
a traditional tax-deferred savings plan for retirement
Money Market
Roth IRA
CD
IRA
99
the central banking system of the united states
FDIC
NCUA
W2
Federal Reserve
100
protects insured property from loss and theft, liability and common disasters
life insurance
home owner/renter insurance
health insurance
Car insurance
101
A consumer banking technology that allows you to schedule and make payments online
credit
remote deposit
mobile payments
online bill pay
102
institutions governed by a non-public entity
Private Post-Secondary Institution
Public Post-Secondary Institution
For Profit Post-Secondary Institution
Non-Profit Post-Secondary Institution
103
Savings plan for public organizations, non-profits, works like a 401k
Roth IRA
529 Plan
401k
403b
104
A decline in the rate of national economic activity, for at least 2 quarters
Deflation
Depression
Recession
Inflation
105
goals achievable in the immediate future, usually under one year
short term goals
W2
long term goals
intermediate term goals
106
Money saved over a period of time, funds not spent and set aside for later use
CD
Compound Interest
Savings
Retirement
107
a tech scam that uses spam and pop-ups to deceive consumers into disclosing personal info
phishing
investment fraud
ponzi scheme
pyramid scheme
108
Setting aside income for future spending
taxes
inheritance
Saving
Tips
109
you can put money in, no money comes out till it matures.
Chex Systems
CD (certificate of Deposits)
Money Market account
Charitable contributions
110
US government corporation providing deposit insurance at credit unions up to 2
401k
The Fed
FDIC
NCUA
111
financial goals taking between 1 and 5 years to complete
intermediate term financial goals
short term financial goals
W2
long term financial goals
112
federal law helping promote competition between banks making it easier to compare interest rate
Community Reinvestment Act
Regulation E
Truth in Savings Act
Regulation D
113
Money set aside tor profit - with the expectation of increased value over time
Credit
Interest
Investment
CD
114
Monetary compensation paid for fulfillment of one's duties in a position
Job
Salary
Occupation
Wages
115
federal law limiting debt collectors attempting to collect for another person or entity
home mortgage disclosure act
fair debt collection practices act
equal credit opportunity act
truth in lending act
116
Costs which occur on a regular basis
Variable Expenses
Groceries
Fixed Expenses
Periodic Expenses

General Financial Literacy Final Review Flashcards | StudBud

General Financial Literacy Final Review

116 termsStudBud Administration2,796 plays

General Financial Literacy Quiz covering Utah State Core Standards and Objectives 2015-2016 for grades 11-12

Flashcards116 cardsFPractice quizPHost liveL

Questions 116

Answers

1
Rate charged for borrowing money, expressed as a single percentage
Beneficiary
Loan
Interest Rate
APR
2
marketing strategies used to attract customers to a new product by offering a low initial price
Check deposit
inventory
penetration pricing
endorsements
3
federal law giving customers to banks the right to a measure of privacy from government search
regulation D
Right to Financial Privacy Act
equal credit opportunity act
home mortgage disclosure act
4
the buying and selling of goods over the internet
chex systems
truth in lending act
online commerce
NSF
5
Contract by which one pays someone else for the value of lost or damaged life or property
Limits
Premium
Insurance
Coverage
6
A sustained decrease in the average price level of all the goods and services in an economy
Depression
Insurance
Recession
Deflation
7
covers a portion of medical expenses due to illness and disease
house insurance
life insurance
car insurance
health insurance
8
examining different brands or models of a product as well as prices before deciding to buy
Comparison Shopping
Product Placement
Merchandising
Advertising
9
The process of making economic decisions based on the problem of limited resources
Goals
Financial Literacy
Opportunity costs
Marketing Strategies
10
The planning and promotion of sales of products to the right market at the right time
penetration pricing
Consumers
endorsements
Merchandising
11
Free Application for Federal Student Aid
FDIC
FAFSA
taxes
NCUA
12
Member owned financial cooperative institution, where profits are shared by members an owmers
Bank
Loan Agency
Credit Union
Insurance Company
13
A Financial Institution licensed as a receiver of deposits - 2 types - retail and investment
Trade Union
Bank
Investment Broker
Credit Card
14
an institution that provides money for borrowers.
credit union
bank
loan agency
insurance company
15
Costs which occur on an irregular basis, but are expected at times
fixed expenses
Periodic expenses
groceries
variable expenses
16
Employees make deductions to salary. Taxed at withdrawal, not at deposit, for private companies
529 Plan
401k
403b
Roth IRA
17
Interest paid both on the principal and on accumulated umpaid interest
compound interest
Direct Deposit
Investment
simple Interest
18
A subset of Economics that describes the management, creation and study of money
Marketing Stragegies
Finance
Opportunity Costs
Supply and Demand
19
insurance designed to offer income payments for conditions making employment impossible
the Fed
short term disability
W2
long term disability
20
a rewards program offered by a company to customers who frequently make purchases
customer loyalty programs
consumers
penetration pricing
product placement
21
process of determining long term income goals and actions necessary to achieve those goals
Investments
short term investments
Retirement Planning
Pensions
22
a phrase commonly used in personal finance planning, automatically contribute to savings
PYF
BYOB
PD
FDIC
23
Maximum lifetime dollar amount a health insurance company agrees to pay for covered services.
Lifetime Limit
Deductible
Limits of Coverage
Grace Period
24
When a person or business is unable to repay outstanding debts
Beneficiary
Budget
Bankruptcy
Credit Card Debt
25
an employment form completed when getting a job so employers can withhold federal income taxes
FAFSA
W2
W4
1040EZ
26
money given to an organization that exists to benefit society as a whole, usually non-profit
Entrepreneurship
Finance
taxes
Charitable Contribution
27
covers the life on the insured for a fixed amount at a definite premium paid each year
health insurance
life insurance
car insurance
house insurance
28
Profession or field of employment for which one trains. 
Career
Job
Manager
Occupation
29
a consumer banking technology that allows for payments through online 3rd party hosts
mobile payments
remote check deposit
consumer to consumer C2C
online bill pay
30
a form of advertising in which brands are noticeable within productions for large audiences
penetration programs
merchandising
endorsements
product placement
31
non-wage compensation provided to employees, usually taxable.
fees
taxes
Budget
benefits
32
a consumer banking technology where one receives payments electronically via ACH
credit cards
Pay yourself first
Direct Deposit
FDIC
33
a rise in the general or average price level of all the goods and services in an economy
Depression
Recession
Inflation
Expansion
34
an investment that will expire within one year
reinvestement
short term investment
long term investment
Dividends
35
higher education instituions operated by private, profit seeking businesses
FAFSA
for profit school
private school
public school
36
an acronym used in banking to signify that the account cannot honor a check drawn on an account
truth in lending
NSF
bounced checks
phishing
37
A business cycle phase characterized by a surge in business activity until it peaks
Expansion
Recession
Inflation
Premium
38
job or profession
Occupation
Commissions
Job
Career
39
The ability to put off the enjoyable now for something more rewarding later.
Candy
Delayed Gratification
The Marshmallow
Instant Gratification
40
law protecting consumers engaged in electronic funds transfers
Electronic Funds Transfer Act
c
41
a goal intended to assure financial security now and in the future.
Salary
Finance
Financial Goal
SMART goals
42
law requiring banks to provide mortgage data to the public
right to financial provacy act
fair debt collections practices act
Regulation D
home mortgage disclosure act
43
money set aside for profit, holdings purchased with expectations of increased value, with risk
savings
tips
wages
Investment
44
Universities and colleges generally supported by tax dollars
FAFSA
for profit post-secondary
public post-secondary
private post-secondary
45
interest paid or figured on the original amount of a loan
Compound Interest
Investment
Money Market
Simple Interest
46
insufficient funds in an account, the bank will refuse to honor a check exceeding amount
Overdraft fee
Chex-Systems
NSF
Bounced Check
47
The cost of Borrowing Money
Investment
CD
Money Market
Interest
48
investor does not receive quarterly dividends directly as cash, but is directly reinvested
dividend reinvestment
IRA
time value of money
finance
49
a fixed regular payment made by an employer to an employee for unskilled labor
comission
salary
tips
wages
50
a form of credit that is not backed by collateral like a home or car, often used by credit card
credit
late fee
APR
unsecured credit
51
the process of the bank paying for charges to your account when there are insufficient funds
truth in lending act
over draft processing
chex.systems
online commerce
52
tax form completed by employers for which federal taxes were withheld
I9
W2
1040EZ
W4
53
an economic force and theory explaining the interaction between goods and their desirability
Finance
Opportunity Costs
Marketing
Supply and Demand
54
A financial plan used to forecast and track income and expenses.
Budget
Finance
Economics
Closing Costs
55
a fee assessed when a consumer abuses credit by not paying on time
collections
Late Fees
EBT
missed payments
56
money now is more valuable than money later - if you invest it now
Risk
Time Value of Money
Rule of 72
Diversification
57
an account that is used to set aside fund in times of need
Money Market
Emergency Fund
Checking Account
Savings Account
58
Money earned from a job or other sources
Expensess
Income
Emergency Fund
Interest
59
a notification sent to a borrower when they have abused credit
late fees
collection notice
missed payments
home owner
60
federal law against discriminating against applicants for credit based on civil rights
regulation D
right to financial privacy act
Equal Credit Opportunity act
home mortgage disclosure act
61
a group of banks that contribute information on closed accounts, shared to help assess risk
Closing Costs
Chex-Systems
Benefits
Taxes
62
The amount paid for a contract of insurance.
variable expenses
Deductible
Premium
Grace Period
63
an online tool that helps students understand options for paying for college
Taxes
Resume
W2
FAFSA4CASTER
64
one who assumes the risk for another person's debt
collateral
Risk Management
Marketing
co-signer
65
Financial Goals that take more than five years to accomplish
short term financial goals
W2
long term financial goals
intermediate term financial goals
66
Fees paid at the end of a real estate transation
Closing Costs
Mutual Funds
taxes
Charitable contriubtions
67
ratio used by investors to compare expected returns compared to the risks undertaken
Recession
Inflation
Investor behavior
Risk/Reward
68
federal regulation requiring transparent methods for disclosing the true costs of credit
home mortgage disclosure act
equal credit opportunity act
Fair debt collections practices act
Truth in Lending Act
69
a type of credit abuse where a consumer doesn't make the agreed upon payments
late fees
auto insurance
collection notice
missed payments
70
an investment that is held for over a year
long term investment
CD
Money Market
short term investment
71
a line of credit where the customer pays a fee and is then allowed to use funds as needed
revolving credit
bill pay
home loan
default rates
72
To call attention to something, showing desirable qualities
shouting
showcasing
advertising
73
The largest total amount the insurance company will pay for covered losses.
Grace Period
Life Insurance
Premium
Limits of Coverage
74
The study of how people use limited resources in satisfaction of their limitless wants
Entrepreneurship
Financial literacy
Supply and Demand
Economics
75
the capacity and willingness to manage business ventures and its risk; starting a new business
Employment
Supply and Demand
FAFSA
Entrepreneurship
76
providing money or goods with the trust and expectation of payment in the future
debit
credit
home loan
late fee
77
Money or other funds taken in or gained from labor, business or property
inheritance
benefits
Revenue
Finance
78
employment form that requires an employee to show proof of authorization to work legally
1040EZ
I9
W4
W2
79
a consumer banking technology where images of checks are deposited using smartphones
Remote Check Deposit
Online Bill Pay
mobile payments
C2C
80
Real or potential costs associated with missed opportunities based on choices made.
investments
taxes
Opportunity Costs
Economics
81
A collection of qualifications and experience prepared by a job applicant.
Job Application
taxes
FAFSA
Resume
82
assets passed down from parents to offspring
401k
529 plans
benefits
Inheritance
83
protects against physical damage or bodily injury resulting in traffic collisions and liability
health insurance
auto insurance
home owners insurance
life insurance
84
The initial amount of money borrowed
Amortization
Interest
Load
Principal
85
A person who benefits from something; one who gets insurance money when policy funds go out
Certificate of Deposit
Benefits
Beneficiary
Life Insurance
86
an individual retirement account plan, taxed upon deposit rather than withdrawal
Money Market
IRA
Roth IRA
Divident Reinvestment
87
The amount of money an insured person pays before the insurance company makes payments for loss
Variable Expenses
Deductible
Copay
Principal
88
a consumer banking technology that allows payments to be made with a smartphone
Mobile payments
reloadable credit
online bill pay
credit cards
89
Tax-advantaged savings plans for college. Utah's is called a UESP.
529 Plan
Roth IRA
401k
403b
90
US government corporation providing deposit insurance at banks up to 250
The Fed
NCUA
401k
FDIC
91
Position of employment with specific duties and compensation
Career
Job
Occupation
Salary
92
a method used to quickly estimate the time an investment will double at a given interest rate
Risk
Dividend
Rule of 72
Diversification
93
an investing scam promising high returns with little risk, generating returns for older investo
bounced checks
Ponzi scheme
pyramid scheme
MLM scheme
94
An approval of a product by some authority, perhaps by a celebrity or expert
endorsements
customer loyalty
deposits
consumers
95
A cost of goods or services that changes in amount from week to week or month to month
Groceries
Variable Expenses
Periodic Expenses
Fixed Expenses
96
A schedule of payments showing the amounts of principal and interest that make up payments.
APR
Interest
Roth IRA
Amortization Table
97
a risk management technique that mixes a wide variety of investments within a portfolio
Diversification
Rule of 72
Time Value of Money
Risk
98
a traditional tax-deferred savings plan for retirement
Money Market
Roth IRA
CD
IRA
99
the central banking system of the united states
FDIC
NCUA
W2
Federal Reserve
100
protects insured property from loss and theft, liability and common disasters
life insurance
home owner/renter insurance
health insurance
Car insurance
101
A consumer banking technology that allows you to schedule and make payments online
credit
remote deposit
mobile payments
online bill pay
102
institutions governed by a non-public entity
Private Post-Secondary Institution
Public Post-Secondary Institution
For Profit Post-Secondary Institution
Non-Profit Post-Secondary Institution
103
Savings plan for public organizations, non-profits, works like a 401k
Roth IRA
529 Plan
401k
403b
104
A decline in the rate of national economic activity, for at least 2 quarters
Deflation
Depression
Recession
Inflation
105
goals achievable in the immediate future, usually under one year
short term goals
W2
long term goals
intermediate term goals
106
Money saved over a period of time, funds not spent and set aside for later use
CD
Compound Interest
Savings
Retirement
107
a tech scam that uses spam and pop-ups to deceive consumers into disclosing personal info
phishing
investment fraud
ponzi scheme
pyramid scheme
108
Setting aside income for future spending
taxes
inheritance
Saving
Tips
109
you can put money in, no money comes out till it matures.
Chex Systems
CD (certificate of Deposits)
Money Market account
Charitable contributions
110
US government corporation providing deposit insurance at credit unions up to 2
401k
The Fed
FDIC
NCUA
111
financial goals taking between 1 and 5 years to complete
intermediate term financial goals
short term financial goals
W2
long term financial goals
112
federal law helping promote competition between banks making it easier to compare interest rate
Community Reinvestment Act
Regulation E
Truth in Savings Act
Regulation D
113
Money set aside tor profit - with the expectation of increased value over time
Credit
Interest
Investment
CD
114
Monetary compensation paid for fulfillment of one's duties in a position
Job
Salary
Occupation
Wages
115
federal law limiting debt collectors attempting to collect for another person or entity
home mortgage disclosure act
fair debt collection practices act
equal credit opportunity act
truth in lending act
116
Costs which occur on a regular basis
Variable Expenses
Groceries
Fixed Expenses
Periodic Expenses