Financial Basics Review

What is an example of opportunity cost?

• Paying interest on a loan

• Saving money by buying a cheaper option

• Getting interest on a savings account

• Not being able to FaceTime because you bought an Android

A ​ (a)   is linked to a debit card, where a ​ (b)   is borrowing money from the bank to pay later. If you don't pay the entire ​ (c)   , you will be charged ​ (d)   .

• checking account
• credit cardi
• balance
• interest

Match the following

• Supply

• 
• Service

• 
• Good

• 
• Demand

• 

Find the monthly APR of a $1,500 loan at 22% (Round to hundreths)

Mathematical Equivalence

ON

Reorder the following - I removed punctuation :(

• is the study

• and

• unlimited wants and needs

• scarcity

• of limited resources

The amount of money you are ​ (a)   is the ​ (b)   balance. You are charged ​ (c)   on that balance until it is paid off. Your ​ (d)   is both of those together. If you pay your entire balance before it is due, you pay​ (e)   interest at all.

• loaned
• principal
• interest
• minimum payment
• no

Match the following

• Natural Resources

• 
• Human Resources

• 
• scarcity

• 
• Capital Resources

•