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A(n) ____________ is a group that channels savings to investors
Credit Bureau
Certificate of Deposit
Financial Instituion
Investors
Payment made for use of borrowed money is called?
Fees
Budget
Interest
Collateral
Person or institutions to whom money is OWED
Borrower
Creditor
Leasee
Investor
______________ is something of balue that can be claimed by a lender if a loan is not repaid
Collateral
Explain the difference between a secured loan and unsecured loan
Secured loans require some sort of collateral, such as a car, a home, or another valuable asset,
Who pays interest on a loan?
Borrower
Explain when one wants a high interest rate and when the same person would want a low interest rate
High Interest rate when investing, low interest rate when borrowing
Money Market Accounts, Mutual Funds, and CD's are good ways to __________ money
Withdraw
Borrow
Budget
Save
Each student who wants Financial Aid must do what?
Complete an Application for a Social Security Card.
Complete the FAFSA Application
Join the Military
Take AP Classes
Which is not a type of business organization?
Coporation
Partnership
Stockholder
Sole Proprietorship
Who issues Municipal Bonds?
Financial Institutions
Congress
State and Local Governments
Coporations
What is the best title for a list that includes: Direct Subsidized, Direct Plus, Direct Consolidation
Fafsa requirements
Work Study Programs
Financial Aid
Federal Student Loans
What is the term for monthly, quarterly, semi annual price paid to an insurance company?
Collateral
Interest Rate
Premium
Income Tax
A sole proprietorship is an unincorporated business with two or more partners that split duties evenly
False
True
A person who owns a share of shares of stock in a corporation is a stockholder?
False
True
Why is important to live on a budget or have a budget?
It will help prevent over spending, make life easier by making smart financial choices
