Investing Budgeting Loans Credit
100
What is Investing?
The buying of assets in hope of gaining personal wealth.
100
What is a budget?
A plan to help someone mange money over some amount of time.
100
What is a loan?
Money given to an individual or company which has to be paid back.
100
What is Credit?
the ability of a customer to obtain goods or services before payment.
200
What are Stocks?
It is the ownership of a share of a company.
200
What is earned income?
Money someone gets for doing work (salary).
200
What is interest?
The price you pay to borrow money or the cost you charge to lend money.
200
What is credit score?
a number assigned to a person that indicates to lenders their capacity to repay a loan.
300
What is the stock market?
Consists of exchanges in which stock shares and other financial securities of publicly held companies are bought and sold.
300
What are fixed expenses?
Set amounts of expenses such as mortgage, rent, car payments, installment plans.
300
What is the interest on undergraduate student loans?
4.99%
300
What is a good credit score?
670-850
400
What is the NASDAQ?
Is an online global marketplace for buying and trading securities.
400
What are periodic expenses?
Expenses that occur over time but differ in amount such as car repairs, vacations, and getting a new phone/computer.
400
What is collateral?
Something valuable that a lender can take as payment if a tenet doesn’t pay their loan.
400
What is interest rate?
the proportion of a loan that is charged as interest to the borrower.
500
Return of Invesment?
The _____ is the percentage of profit earned in an investment. A high positive percentage means money was made while a high negative value means money was lost.
500
What is a spreadsheet?
A system to track a budget online where every time a purchase is made it is deducted from the total income for the month.
500
What is an adjustable-rate mortgage?
A mortgage in which the initial interest rate is normally fixed for a specified period of time after which it is reset periodically, often every month.
500
What is Fico?
The company who is in charge of credit scores.






University 101 Project: Financial Responsibility

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