Interest is a percentage money added to loans that lenders charge for borrowing money.
15
Government assistance, retirement benefits, spousal support
Three types of income that do not involve working.
15
Mortgage is another name for a ____________ loan.
Home
15
You have to pay ___________ in addition to what you borrowed when paying back credit cards and loans.
interest
15
You can avoid paying interst if you pay with ________________.
cash, check, or debit card
15
Maggie was paid a 25% _________________ when she sold 100 magazines.
commission
15
Alan and Tim both work at a shoe factory. Alan works nights and gets paid $18 and hour. Tim works the day shift and gets paid $15.00 an hour. Is this fair? Why or why not?
It is fair because Alan works nights. Night shift usually pays a little more.
15
Ann's parents have a lot of money invested in stocks, land, and houses. They also have a savings and checking account that they keep money in. What is the money in the savings and checking account called?
liquid income/liquid assets
15
Jack is going to buy a new truck. What will he probably do to pay for it? cash or a loan
He will most likely get a loan, unless he has been saving money for a long time.
15
If you only make the minimum payment due on a credit card, it will take you longer to pay it off. Why?
