Banking and Investing Vocabulary Quiz

What does the P stand for?

• Principal

• Rate

• Interest

• Time

Tags

CCSS.7.RP.A.3

What does the R stand for?

• Principal

• Rate

• Interest

• Time

Tags

CCSS.7.RP.A.3

What does the I stand for?

• Principal

• Rate

• Interest

• Time

Tags

CCSS.7.RP.A.3

What does the T stand for?

• Principal

• Rate

• Interest

• Time

Tags

CCSS.7.RP.A.3

What is a one-time payment of fee charged for the use of money loaned?

• Simple interest

• Compound interest

• Principal

• Rate

Tags

CCSS.7.RP.A.3

What do you call the money that is being invested?

• Principal

• Rate

• Interest

• Checking Account

Tags

CCSS.7.RP.A.3

What is the interest paid on the principal plus interest added to date called?

• Compound interest

• Simple interest

• Principal

• Rate

Tags

CCSS.7.RP.A.3

What is the name for the percent of interest charged for lending money?

• Rate

• Time

• Principal

• Interest

Tags

CCSS.7.RP.A.3

What is the act of depositing or withdrawing from a bank account called?

• Transaction

• Principal

• Dividend

• Profit

What do you call a loan to a corporation?

• Bonds

• Stock

• Shares

• Principal