Cost of credit expressed as a yearly percentage
Personal Finance

Flashcard
•
Social Studies
•
12th Grade
•
Hard
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10 questions
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1.
FLASHCARD QUESTION
Front
Back
APR
2.
FLASHCARD QUESTION
Front
The cost of borrowed money, usually expressed as a percentage.
Back
interest
3.
FLASHCARD QUESTION
Front
What is a credit score?
Back
A three-digit numerical rating that reflects how likely you are to repay your debt.
4.
FLASHCARD QUESTION
Front
A card that borrows money but it has to be paid back
Back
Credit Card
5.
FLASHCARD QUESTION
Front
A card that uses money directly from your bank account
Back
Debit Card
6.
FLASHCARD QUESTION
Front
Yearly amount that you get paid
Back
salary
7.
FLASHCARD QUESTION
Front
Hourly rate that you get paid
Back
wage
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