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Credit and Financial Concepts Flashcard

Credit and Financial Concepts Flashcard

Assessment

Flashcard

Social Studies

12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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15 questions

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1.

FLASHCARD QUESTION

Front

What is the ability to borrow money called?

Back

Credit

2.

FLASHCARD QUESTION

Front

What type of credit involves ongoing borrowing, such as with credit cards?

Back

Revolving credit

3.

FLASHCARD QUESTION

Front

What does a credit score represent?

Back

Your creditworthiness

4.

FLASHCARD QUESTION

Front

What is the annual percentage rate (APR)?

Back

The annual interest rate charged

5.

FLASHCARD QUESTION

Front

What is the lowest amount you must pay monthly on a credit card called?

Back

Minimum payment

6.

FLASHCARD QUESTION

Front

What is the purpose of the Federal Reserve?

Back

To act as the central banking system of the United States

7.

FLASHCARD QUESTION

Front

What is the term for allocating money with the expectation of future returns?

Back

Investment

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