Personal Finance -- SSEPF1-SSEPF6

Front

Which one of the following terms is an organized spending plan for one's money?
Options: Cost System Analysis, Bankruptcy, Budget, Profit and Loss Statement

Back

Budget

Front

Which one of the following terms is money that is paid regularly at a particular rate for the use of borrowed money? Deposit, Withdrawal, Interest, Net Worth

Back

Interest

Front

Which federal agency protects deposits in commercial banks?

Back

FDIC

Front

Financial institution licensed to receive deposits and make loans.

Back

bank

Front

Expending money with the expectation of achieving a profit.

Back

investing

Front

Why do members of a community have to pay taxes?

Back

To pay for services provided by the government

Front

The number that reflects your ability to get a loan and interest rates is your

Back

credit score

Front

Why should we INVEST instead of SAVE for retirement?

Back

Investing money can make it grow in the long term.

Front

What is debt?

Back

Money you have borrowed and need to pay back

Front

Why might your parents not want to co-sign your student loan?

Back

they become liable for the loan