

Financial Concepts Flashcards
Flashcard
•
Financial Education
•
12th Grade
•
Practice Problem
•
Hard
Jessica Mode
FREE Resource
Student preview

10 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Emergency Fund
Back
A savings account set up specifically to be used to cover financial emergencies
2.
FLASHCARD QUESTION
Front
Large Purchase
Back
A purchase that requires a significant amount of money
3.
FLASHCARD QUESTION
Front
Interest Rate
Back
The percentage of principal charged by the lender for the use of its money
4.
FLASHCARD QUESTION
Front
Accrued Interest
Back
The amount of interest charged on a debt but not yet collected; interest accumulates from the date a loan is issued
5.
FLASHCARD QUESTION
Front
Compound Growth
Back
The average rate of growth for an investment over time; often expressed as an annual figure
6.
FLASHCARD QUESTION
Front
Compound Interest
Back
Interest paid on interest previously earned
7.
FLASHCARD QUESTION
Front
Principal
Back
The initial amount of money invested or borrowed
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