definition to word | word to definition | definition answer | true or false | Multiple choice |
---|---|---|---|---|
(Annual percentage rate) the cost paid for borrowing money
What is APR
|
cash flow
What is the - total amount of money being transferred into and out of a business,
|
What is a nonprofit-making money cooperative whose members can borrow from pooled deposits at low interest rates.
Credit Union
|
true
true or false the definition of expense is
: The amount of money needed for something. |
(A) Investment
An amount that is used in order to gain profit.
(A) Investment (B) credit union (C) Inflation |
(Annual percentage yield) The rate that you can earn on an account for a year.
(Annual percentage yield) The rate that you can earn on an account for a year.
What is APY |
checking account
What is - type of bank account that allows you to easily deposit and withdraw money for daily transactions
|
What is a card by which money can be withdrawn directly from a bank account without interest.
Debit Card
|
false
True or false the definition for fees is
: Nonprofit organizations that serve to help their members. : |
(B) Loan
An amount that is barrowed and expected to be paid back usually with interest.
(A) liability (B) loan (C) Interest rate |
A retirement savings plan that offers tax benefits while helping you plan for the future
What is 401k
|
credit card
What is- A card that allows you to purchase things on credit
|
What is money owed to a bank or investor
Debt
|
false
True or false the definition for Equifax is: A payment made in exchange for advice or services.
: |
(C) net income
the amount an individual or business makes after deducting costs, allowances and taxes
(A) liability (B) net worth (c) net income |
Something that has economic value to a business.
What is Asset
|
compound interest
What is - the interest you earn on interest
|
What is a transaction involving a transfer of money into a bank for safe keeping
Deposit
|
true
true or false the definition for income tax is
: Tax imposed directly on income |
(A)property tax
A tax paid for property owned by an organization or individual.
(A) property tax (B) routing number (c) liability |
The amount of money present in a bank (any place that stores money)
What is Balance
|
credit score
What is - A number(score) That lets banks know how willing you are (your capacity) to repay a loan on time and the amount of money the loan is worth.
|
What is an electronic transfer of a payment directly from the account of the payer to the recipient’s account
Direct Deposit
|
true
True or false The definition for interest is
: An amount paid at a particular rate by a borrower to a lender. |
|