Personal Finance Review

This type of interest "creates a mathematical explosion," and it can make you wealthy over time, or keep you in debt for a long time.

• compound
• sinking
• annual

The cost (or fee) to borrowed money, usually expressed as a percentage.

• interest
• savings plan
• scarce
• purchase

Tags

CCSS.7.RP.A.3

A mutual fund allows investments to be ___________.

• Secured
• Guaranteed
• Diversified
• Minimal

Tags

CCSS.RI.5.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

This term refers to the original amount of a loan OR the original amount of money invested. 

• Principal
• Interest
• Rebate
• Fixed Rate

Tags

CCSS.7.RP.A.3

Term that applies to the ability to buy something now and pay for it later over a period of time (usually with having to pay a finance charge and/or the addition of interest). 

• Savings
• Profit
• Budgeting
• Debt (Credit)

What is a budget?

• A plan for how money will not be used

• A plan for how money will be used

• The amount you spend

• The amount you save

What are stocks?

• sharing something

• A small ownership share in a company

• A graph with pointy arrows that are red and green

What is financial investment?

• putting money into things like stocks and retirement accounts as a way to make money in the future

• Putting things into physical things

• The first Amendment

Everyone makes choices about how to manage his or her money/income from a job. This is also known as what?

• Personal Finance
• Government
• Civics
• Geography

Money that you make from your job is known as what?

• Income
• Credit
• Supply
• Demand