Algebra With Finance MidTerm Exam

Front

What is the percentage of principal charged by the lender for the use of its money?

Back

Interest Rate

Front

What is the knowledge and skill base for people to be informed consumers and manage their money effectively?

Back

Financial Literacy

Front

Should you stay away from student loans?

Back

True

Front

What do you call a purchase that requires a significant amount of money?

Back

Large Purchase

Front

When it comes to managing money, success is about what percentage knowledge and what percentage behavior?

Back

20% knowledge and 80% behavior.

Front

What is the term for the total amount of money you owe to lenders?

Back

Debt

Front

What is the term for the difference between what you own and what you owe?

Back

Net Worth

Front

What is the term for the increase in prices and fall in the purchasing value of money?

Back

Inflation

Front

What is a financial plan that outlines an individual's income and expenses?

Back

Budget

Front

What is the term for the cost of borrowing money, usually expressed as a percentage?

Back

Interest Rate