stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Financial Literacy Flashcards | StudBud
Explore
/
Financial Literacy
Financial Literacy
20 terms
·
StudBud Administration
·
188 plays
#let'sreview
Flashcards
20 cards
F
Practice quiz
P
Host live
L
Questions
20
Answers
1
The amount of interest you pay on a loan.
Annual Premium Rate
Annual Percentage Rate
Annual Pay Rate
Annual Principle Rate
2
The original amount of a loan.
principle
deductible
interest
principal
3
The total cost for an insurance policy.
co-pay
deductible
out-of-pocket expense
premium
4
The interest rate I pay will be based
my credit history
on my credit score
my salary
my savings account balance
5
What you owe after your insurance pays for covered services?
co-pay
deductible
premium
out-of-pocket cost
6
The most likely reason for an insurance company paying less than the claimed loss is
premium
out-of-pocket expense
deductible
co-pay
7
The foundation of a solid financial strategy
multiple credit cards
insurance
budget
single stock portfolio
8
The opposite of an asset.
interest
premium
income
liability
9
I offer the highest interest rate of return.
certificate of deposit
savings account
checking account
debit card
10
non-profit financial institution
private bank
payday loan centers
commercial bank
credit union
11
The cost of borrowing and/or lending money
deductible
interest rates
loan
premium
12
Home loans
deductible
mortgage
premium
rent
13
Retirement investment
501 (c) (3)
401(j)
401(k)
410(b)
14
A person who owns stocks may decide to buy bonds & mutual funds in order to
consolidate
diversify
intensify
diversity
15
Your responsibility when you visit a doctor under your insurance policy.
co-pay
premium
deductible
out-of-pocket costs
16
The cost before your insurance policy pays.
deductible
co-pay
premium
interest
17
Money
medium of exit
medium of exchange
trade
barter
18
Which is the most stable investment?
debit card
savings account
checking account
certificate of deposit
19
Assets used to secure a loan.
deductible
collateral
interest
premium
20
My credit score
FASA
AFL-CIO
FICO
FCIO
