WorksheetsKey Financial Terms
Total questions: 10
Worksheet time: 5mins
A specific type of loan used to buy real estate where the property is collateral is:
Loan
Conversion Period
Mortgage
Accumulated Value
The total worth of an investment after a certain time, including growth, is called:
Period Rate
Accumulated Value
Appreciation
Loan
If an investment earns interest 4 times a year, this refers to:
Conversion Period
Frequency of Conversion
Period Rate
Time of Term
Interest computed only on the principal amount is called:
Compound Interest
Simple Interest
Conversion Period
Frequency of Conversion
A car losing value over several years is an example of:
Appreciation
Depreciation
Period Rate
Mortgage
The time between successive conversions of interest is called:
Rate
Conversion Period
Frequency of Conversion
Time of Term
The rate of interest for one conversion period is called:
Period Rate
Rate
Time of Term
Simple Interest
Money borrowed from a bank or lender that must be paid back over time is called:
Mortgage
Loan
Appreciation
Frequency of Conversion
It is the increase in the value of an asset over time due to factors like demand or improvements.
Depreciation
Appreciation
Accumulated Value
Loan
When interest is computed on both the principal and accumulated past interest, it is called:
Period Rate
Simple Interest
Compound Interest
Rate
