Economics and You!

The cost of borrowed money, usually expressed as a percentage which is paid in addition to the original amount of a loan.

• interest

• savings plan

• scarce

• purchase

This is an obligation of repayment, usually including principal plus interest; any time you owe someone money.

• compound interest
• emergency fund
• APR
• debt

Which card takes the money out of your account immediately?

• Credit 
• Debit

Bad credit can affect your ability to 

• Buy a home
• Get a job
• Get a loan
• All of the above

Tags

CCSS.RI.11-12.5

CCSS.RI.9-10.5

CCSS.RI.8.5

CCSS.RI.7.5

CCSS.RI.6.5

The agreement to receive cash, goods or services now and pay for them later.

• Check
• Debit
• Credit
• Late Fee

–The total amount of money earned during a pay period before deductions

• net
• gross
• Year to Date
• Deductions

The amount of money left after all deductions have been withheld 

• net
• gross
• taxes
• year to Date

Which of these is NOT deducted from a paycheck before receiving the net (final) amount?

• social security

• healthcare

• federal income tax

• rent

Another name for Money (cash, paper notes, coins, etc.) used by a government in exchange for goods and services

• currency

• credit card

• debit card

• scarcity

a credit _________ is what is used to express a person's creditworthiness, based on their past credit files

• score

• name

• card

• interest