Economics-Personal Finance

Front

Which one of the following terms is an organized spending plan for one's money?
SSEPF1b
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? Options: Deposit, Withdrawal, Interest, Net Worth

Back

Interest

Front

Which federal agency protects deposits in commercial banks?

Back

FDIC

Front

A system to make financial loss more affordable by transferring it from individuals to large groups is called :

Back

Insurance

Front

Financial institution licensed to receive deposits and make loans.

Back

bank

Front

A cost that varies with the level of output.

Back

variable costs

Front

Expending money with the expectation of achieving a profit.

Back

investing

Front

Institution that accepts savings at interest and lends money to savers chiefly for home mortgages, but may also have checking and other accounts.

Back

savings and loan

Front

Why do members of a community have to pay taxes?

Back

To pay for services provided by the government

Front

Which of these would increase your credit score?
SSEPF4a
Options: pay minimum payment on your credit card balance each month, check your credit score as frequently as possible, earn more income, get as many loans as you can

Back

earn more income