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A(n) ____________ is a group that channels savings to investors
Financial Instituion
Certificate of Deposit
Investors
Credit Bureau
Payment made for use of borrowed money is called?
Collateral
Interest
Fees
Budget
Person or institutions to whom money is OWED
Creditor
Borrower
Investor
Leasee
______________ 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
Budget
Withdraw
Save
Borrow
Each student who wants Financial Aid must do what?
Take AP Classes
Join the Military
Complete the FAFSA Application
Complete an Application for a Social Security Card.
Which is not a type of business organization?
Coporation
Partnership
Stockholder
Sole Proprietorship
Who issues Municipal Bonds?
Coporations
Congress
State and Local Governments
Financial Institutions
What is the best title for a list that includes: Direct Subsidized, Direct Plus, Direct Consolidation
Federal Student Loans
Financial Aid
Fafsa requirements
Work Study Programs
What is the term for monthly, quarterly, semi annual price paid to an insurance company?
Interest Rate
Premium
Income Tax
Collateral
A sole proprietorship is an unincorporated business with two or more partners that split duties evenly
True
False
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
