Summative Quiz #6: Definitions Math of Finance

What period was the barter rings used?

• Pre-Hispanic Era

• American Period

• Revolutionary Period

• The Philippine Republic

Is a plastic card that lets you loan to buy things.

• Credit Card

• Bonds

• Stocks

• Money

The lower end of the APR range is reserved for consumers with good to excellent credit.

• True

• False

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

If you miss a payment, the credit card company may raise your rate in addition to charging you a late fee. This is called a

• Penalty APR

• Cash advance APR

• Regular APR

• Promotional APR

Tags

CCSS.7.RP.A.3

This is a promotional interest rate that credit card companies often give new customers for a set number of months after they open an account.

• Introductory APR

• Regular APR

• Cash Advance APR

• Penalty APR

Tags

CCSS.7.RP.A.3

This is a general term used to describe the ownership certificates of any company

• Stocks

• Bonds

• Mutual Fund

• Money Market

When you are a stockholder, you are part of the owner of the company. If the company does well, your money also do well. When the company is losing money, your money will continue to do well.

• True

• False

Tags

CCSS.6.EE.A.2C

What is the best way to describe a bond?

• It is like a loan

• It is like a credit

• It is like stock

• It is like a fund

The following are types of bonds except:

• government bond

• short term bond

• rubber bond

• protected bond

Tags

CCSS.6.EE.A.2C

These are considered conservative types of investments because you can choose the length and term of the bond and know exactly how much money you will get back at the end of the term or "maturity.”

Tags

CCSS.HSF.BF.A.2