Economics EOC Review part 2

Front

What is money that you can earn in your savings account or that you have to pay back on a loan?

Back

interest

Front

A general increase in prices

Back

inflation

Front

Amount of money originally borrowed

Back

Principal

Front

Cost of credit expressed as a yearly percentage

Back

APR

Front

What does CD stand for when talking about investments?

Back

Certificate of Deposit

Front

A mutual fund allows investments to be ___________.

Back

Diversified

Front

Why budget?

Back

To prevent debt, plan for future, and save money.

Front

What if I have bad credit?

Back

High interest rates on loans.

Front

What is a credit score?

Back

A three-digit numerical rating that reflects how likely you are to repay your debt.

Front

Credit union and commercial bank deposits of up to $250,000 are insured by what government backed program?

Back

FDIC