Final Exam Review

This type of account is connected to your debit card. Fill in the blank: ________

• Checking Account

• Savings Account

• Credit Account

• Loan Account

A monthly fee that some banks charge to keep your account open. Fill in the blank: ________

• Maintenance fee

• Overdraft fee

• ATM withdrawal fee

• Deposit slip

This federal insurance program protects the money you deposit in. Fill in the blank: ________

• FDIC

• FEMA

• IRS

• SSA

This stock market index represents 500 of the largest companies listed on stock exchanges in the United States. Fill in the blank: ________

• S&P 500

• Dow Jones Industrial Average

• NASDAQ Composite

• Russell 2000

This investment vehicle automatically adjusts your investments based on a planned retirement year. Fill in the blank: ________

• Target Date Fund

• Index Fund

• Money Market Account

• Certificate of Deposit

This strategy involves spreading investments across different assets to reduce risk. Fill in the blank: ________

• Diversification

• Speculation

• Concentration

• Leverage

The amount borrowed by someone for a loan. Fill in the blank: ________

• Principal

• Interest

• Dividend

• Deposit

An initial payment made when buying something expensive, such as a car or house. Fill in the blank: ________

• Down Payment

• Installment

• Mortgage

• Lease

The lowest amount you can pay on your monthly credit card bill to remain in good standing. Fill in the blank: ________

• Minimum Payment

• Credit Limit

• Annual Fee

• Interest Charge

A record of how you've managed loans and payments over time. Fill in the blank: ________

• Credit Report

• Bank Statement

• Income Tax Return

• Loan Agreement