WorksheetsFinancial Literacy Penn state glossary (1-2)
Total questions: 33
Worksheet time: 17mins
The interest-rate charged, expressed as a percent per year, for the use of credit
assets
bank
annual percentage rate APR
expenses
possessions that have economic value
atm
Assets
credit
checking account
a accompany chartered by state or federal government to offer numerous financial services
Bond
borrower
Bank
budget
A certificate of indeptedness issued by a government or company, promising to repay, borrowed funds to the lender at a fixed rate of interest and predetermined intervals
Bond
compound interest
borrowers
Capital gains
automated teller machine
cashiers check
Credit report
Credit card
ATM
an individual, business, or a government that has received, and use something belonging to someone else, with the intention of returning or repaying it – often with interest in the case of borrowed money
Capital gains
Credit report
borrower
checking account
A plan to manage income, spending and saving
cash
cashiers check
certificate of deposit/CD
budget
A profit realized from the sale of property, stocks, or other investments
Capital gains
compound interest
diversity
Income
money in the form of paper currency or coins
Credit
debit card
cash
Income
A form of check bought for specific amount and paid to the person or firm named on the check.
cashiers check
check
certificate of deposit/CD
cash
A certificate issued by a bank to a person, depositing money in an account for a specified period of time.
check
cashiers check
certificate of deposit/CD
installment plan
A written order to a financial institution, directing the financial institution to pay a stated amount of money, as instructed, from the customers account
check
cashiers check
checking account
fixed expenses
A financial account into which people deposit money, and from which they withdraw money by writing checks or using debit or ATM cards
compound interest
dividends
Credit union
Checking account
a situation in which interest is earned on previously earned interest in such a way that earnings accumulate more rapidly overtime
compound interest
Credit report
interest
expenses
borrowing to buy something with the promise to make payment at a later time
Credit card
Credit report
debit card
Credit
A small, specifically coded, plastic card, issued by a bank, business, etc. authorizing the card holder to purchase goods and services on credit.
Credit report
Credit
Credit card
compound interest
A written record, collected by a credit agency, that tracks a borrowers credit payment, whether or not these payments are made on a timely basis, and how long the borrower has had various credit accounts
Credit report
Capital gains
FICO score
Financial institutions
not – four – profit, cooperatives of members with some type of common bond
expenses
FICO score
inflation, risk
Credit union
A small, specially coded plastic card, issued by a bank, allows the card holder to transfer funds electronically, and immediately from his/her/they checking account, as if the card holder were written, a check to pay for a purchase.
Credit card
debit card
grace. Period.
Financial literacy
to invest in a variety of financial assets, such as stocks, orange, money market, accounts, etc., in order to reduce the overall risk of financial investment
diversity
income
installment plan
Financial literacy
A payment of apportion of a company’s net profit, which is periodically made to stockholders
dividend
FICO score
Financial literacy
grace. Period.
payments for goods and services
human capital
FICO score
expenses
interest
A mathematical model that assesses a persons, reliability in repaying borrowed funds
finance charges
FICO score
human capital
grace. Period.
The interest paid on unpaid credit balances
finance charges
Financial institutions
Financial literacy
fixed expenses
intermediaries that help channel friends from savers to borrowers
finance charges
income
fix expenses
Financial institutions
Basic financial knowledge, including an understanding of banks in the banking system, financial markets, credit and credit cards, and tax laws, as well as the ability to apply this knowledge and making decisions on how to spend, earn, or save money today to build will for tomorrow
six expenses
interest
Financial institutions
Financial literacy
expenses that are the same every month
fixed expenses
expenses
grace. Period.
interest
The amount of time one has to pay a line of credit before there is financial charge
human capital
grace. Period.
installment plan
inflation, risk
knowledge, skills, abilities, and talents some people acquire through experience, training, and education that help workers produce goods and services, and help determine their income producing capacity
grace. Period.
diversity
Financial literacy
human capital
earnings that result from providing resources in the marketplace
income
Interest
cashiers check
Credit report
The train stop the rate of inflation receive the rate of return on an investment, also, the risk that future earnings will have her do is purchasing power, because of an increase in an average price
interest
finance charges
installment plan
inflation risk
Close the dash into loan for a specific products, such as furniture or appliances
installment plan
interest
expenses
diversity
The price associated with using someone else’s money
installment plan
diversity
interest
income
