
Money Matters - FINAL EXAM
Flashcard
•
Other
•
9th - 12th Grade
•
Practice Problem
•
Hard
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95 questions
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1.
FLASHCARD QUESTION
Front
A person or organization that buys/uses goods or services
Back
Consumer
2.
FLASHCARD QUESTION
Front
The knowledge and skillset necessary to be an informed consumer and manage finances effectively
Back
Financial Literacy
3.
FLASHCARD QUESTION
Front
The granting of a loan and the creation of a debt: any form of deferred payment
Back
Credit
4.
FLASHCARD QUESTION
Front
A debt evidenced by a “note,” which specifies the principal amount, interest rate and the date of repayment
Back
Loan
5.
FLASHCARD QUESTION
Front
An obligation of repayment owed by one party (debtor/borrower) to a second party (creditor/lender)
Back
Debt
6.
FLASHCARD QUESTION
Front
A fee paid by a borrower to the lender for the use of borrowed money
Back
Interest
7.
FLASHCARD QUESTION
Front
A fee paid by a borrower to the lender for the use of borrowed money
Back
Interest
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