GFL State Review #5

Front

What is a tax?

Back

contribution to government revenue

Front

What is it called when making one choice to gain a benefit or opportunity, while knowingly losing another opportunity?

Back

Trade-Off

Front

An assessment of the creditworthiness of a borrower in general terms or with respect to a financial obligation.

Back

Credit Rating

Front

An expense that does not change when sales or production volumes increase or decrease.

Back

Fixed Cost

Front

Laws that protect consumers against unsafe and/or deceptive business practices

Back

Consumer Rights

Front

A _______________ ____________ is a detailed report of a person's credit history.

Back

credit report

Front

The shorter your term length, the (higher/lower) your monthly payments, and the (higher/lower) the total interest you will pay.

Back

Higher/lower

Front

A bond's interest rate is also known as its...

Back

Coupon Rate

Front

Why is compound interest more advantageous than simple interest?

Back

In compound interest, you earn interest on not only your principal, but also on the interest you’ve already made.

Front

APY stands for:

Back

Annual Percentage Yield