Econ Personal Finance

Front

The cost of borrowed money, usually expressed as a percentage.

Back

interest

Front

401(k), IRA, and Roth IRA are all examples of a __________ account.

Back

Retirement

Front

What is a credit score?

Back

A three-digit numerical rating that reflects how likely you are to repay your debt.

Front

What is a budget?

Back

A plan for how money will be used

Front

What is income?

Back

Money taken in

Front

How can Edward develop a positive credit history?

Back

Maintain reasonable amounts of available credit.

Front

What should Khalaja do to begin to build a positive credit history after her credit application was declined due to no credit history?

Back

Khalaja should obtain a secured credit card.

Front

A fee paid by a borrower to the lender for the use of borrowed money.

Back

interest

Front

This type of business is owned by one person.

Back

Sole Proprietorship

Front

Advantages of this business type are that the owner is their own boss and gets to keep all the profits. Options: Partnership, Sole Proprietorship, Corporation, Franchise

Back

Sole Proprietorship