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Money Management Unit Vocabulary

Money Management Unit Vocabulary

Assessment

Flashcard

Social Studies

12th Grade

Practice Problem

Hard

Created by

Zachary Herrmann

FREE Resource

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30 questions

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1.

FLASHCARD QUESTION

Front

Adjustable-rate mortgages (ARMs)

Back

Loans with interest rates that change periodically.

2.

FLASHCARD QUESTION

Front

Disposable Income

Back

Income available after taxes

3.

FLASHCARD QUESTION

Front

Discretionary Income

Back

Income after necessary expenses

4.

FLASHCARD QUESTION

Front

Passive Income

Back

Income with little to no effort

5.

FLASHCARD QUESTION

Front

Credit Union

Back

Member-owned financial cooperative for banking services

6.

FLASHCARD QUESTION

Front

Bankruptcy

Back

Legal process for debt relief

7.

FLASHCARD QUESTION

Front

Fixed Rate Mortgage

Back

Mortgage with a constant interest rate

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