Algebra With Finance MidTerm Exam

Flashcard
•
Mathematics
•
12th Grade
•
Hard
Wayground Content
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15 questions
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1.
FLASHCARD QUESTION
Front
What is the percentage of principal charged by the lender for the use of its money?
Back
Interest Rate
2.
FLASHCARD QUESTION
Front
What is the knowledge and skill base for people to be informed consumers and manage their money effectively?
Back
Financial Literacy
3.
FLASHCARD QUESTION
Front
Should you stay away from student loans?
Back
True
4.
FLASHCARD QUESTION
Front
What do you call a purchase that requires a significant amount of money?
Back
Large Purchase
5.
FLASHCARD QUESTION
Front
When it comes to managing money, success is about what percentage knowledge and what percentage behavior?
Back
20% knowledge and 80% behavior.
6.
FLASHCARD QUESTION
Front
What is the term for the total amount of money you owe to lenders?
Back
Debt
7.
FLASHCARD QUESTION
Front
What is the term for the difference between what you own and what you owe?
Back
Net Worth
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