finance quiz

Anything that is purchased with the hope that it will generate income or be more valuable at a future date.

• investment

• loan

• income

• expense

Money borrowed from a bank.

• dept

• loan

• budget

• expense

The ability to borrow money. The borrower is expected to pay back a minimum amount each month in addition to any interest added.

• interest

• interest rate

• budget

• credit

Cost paid to secure a good or service.

• expense

• income

• dept

• interest

Payment received for goods or services, including employment.

• interest

• dept

• credit

• income

The percentage at which interest is charged or paid.

• interest

• interest rate

• budget

• cost benefit analysis

A plan for future spending and saving, weighing estimated income against estimated expenses.

• income

• cost comparison

• budget

• cost benefit analysis

Cost of credit expressed as a yearly percentage 

• Mortgage
• Principal
• APR
• Finance company

401(k), IRA, and Roth IRA are all examples of a __________ account.

• Retirement
• College Savings
• Low Interest
• Stock

What does CD stand for when talking about investments?

• Calculated Dividend
• Certificate of Deposit
• Central Dollar
• Current Deposit