Personal Finance
Flashcard
•
Mathematics
•
9th - 12th Grade
•
Hard
+4
Standards-aligned
Wayground Content
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12 questions
Show all answers
1.
FLASHCARD QUESTION
Front
The cost of borrowed money, usually expressed as a percentage.
Back
interest
Tags
CCSS.6.RP.A.3C
2.
FLASHCARD QUESTION
Front
401(k), IRA, and Roth IRA are all examples of a __________ account.
Back
Retirement
3.
FLASHCARD QUESTION
Front
This type of retirement account offered by employers to their employees allows them to set aside tax-deferred income. Sometimes employers will even match the employee contribution up to a certain amount.
Back
401(k)
4.
FLASHCARD QUESTION
Front
Principal
Back
The original amount of a loan OR the original amount of money invested.
Tags
CCSS.7.RP.A.3
5.
FLASHCARD QUESTION
Front
The first step of financial freedom; $500 for teens; $1,000 for adults
Back
emergency fund
6.
FLASHCARD QUESTION
Front
The availability of money; how quickly you can convert it into cash in your hand is its _______.
Back
liquidity
Tags
CCSS.RF.3.3B
CCSS.RF.3.3C
CCSS.RF.3.3D
CCSS.RF.4.3A
CCSS.RF.5.3A
7.
FLASHCARD QUESTION
Front
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).
Back
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