Which is a long term need?

Expenses beyond your regular monthly items.

Expenses that are costly and requires years of planning and saving.

Cash allowances awarded to students to help pay for education costs.

This usually consist of 10 to 20% of the total cost of an Item. Usually ownership of a home

Money that is borrowed for your education.

Educational funding that do not have to be repaid and usually do not require students to maintain certain standards.

The base amount of money you deposit in your savings is called _____________.

This represents earnings on the principal.

What does APY stand for

Interest rate an account pays stated yearly basis with the compound included.

The percentage of increase in the value of your savings due to earned interest

What does FDIC mean?

This is also known as a full service bank.

Actual interest rate an account pays stated on a yearly basis with the compounding included.

The primary purpose of this type of bank is to lend money for mortgages.

Stocks and bonds issued by corporations or by the government.

Not for profit organizations established by groups of people, such as employees in similar occupations who pool their money.

If in year one your beginning balance is $100.00 and your interest earned is 6%. What is your ending balance in year three?

Student loan you pay no interest or payments until after you graduate from college.

Combining all student loans into one loan.

A student loan that accrues as the loan goes along.

Where is the FDIC headquarters?

A _______________ contract is not written but is created by the actions or conduct of someone.

___________________ is something of value exchanged for something else of value

In a contract, ______________ means legally collectible.

__________________ are the ideals in life that are important to you.