Personal Finance

Front

This term describes a business that stores the money of people and businesses and makes loans to its customers.

Back

Bank

Front

The ability to obtain goods and services before payment, or money lent or made available, both with specific guidelines for repayment.

Back

Credit

Front

This is an amount that is borrowed from a bank or credit union.

Back

Loan

Front

This is a fixed charge for borrowing money; usually a percentage of the amount borrowed.

Back

Interest

Front

This is a type of banking card that, when used, withdraws money from a banking account that is linked to that card.

Back

Debit

Front

This is the legally accepted payment for goods and services.

Back

Money

Front

What type of financial plan is Willie utilizing?

Back

A personal budget

Front

Which of the following would be MOST LIKELY considered a fixed monthly cost in a personal budget?
Cell Phone Bill, Entertainment, Groceries/Hygiene, Savings

Back

Cell Phone Bill

Front

Which of the following is the BEST description of debt? Money earned in exchange for goods or services, An asset purchased that will provide wealth in the future, Money owed to an individual or institution, The general increase of prices over time

Back

Money owed to an individual or institution

Front

In order to determine what interest rate Bryan will receive on his loan, the bank will need to look at his—

Back

credit score