Financial Math - Fall Semester Exam
Flashcard
•
Mathematics
•
9th - 12th Grade
•
Hard
+12
Standards-aligned
Wayground Content
FREE Resource
Student preview

15 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What is an installment loan?
Back
An installment loan is a type of loan that is repaid over time with a set number of scheduled payments. Examples include auto loans, mortgages, and student loans.
2.
FLASHCARD QUESTION
Front
What is a revolving line of credit?
Back
A revolving line of credit is a type of credit that allows the borrower to withdraw, repay, and withdraw again. Credit cards are a common example.
3.
FLASHCARD QUESTION
Front
What is the importance of checking your credit report regularly?
Back
Checking your credit report regularly helps identify potential errors or fraudulent activity, which can affect your credit score.
4.
FLASHCARD QUESTION
Front
What does it mean to live paycheck-to-paycheck?
Back
Living paycheck-to-paycheck means using your entire paycheck to cover monthly expenses, leaving little to no savings.
Tags
CCSS.RI.11-12.4
CCSS.RI.9-10.4
CCSS.RL.11-12.4
CCSS.RL.8.4
CCSS.RL.9-10.4
5.
FLASHCARD QUESTION
Front
What are some tips for safe online banking?
Back
Use strong, unique passwords for each account, avoid using personal information in passwords, and keep your devices updated.
6.
FLASHCARD QUESTION
Front
What is a credit score?
Back
A credit score is a numerical representation of a person's creditworthiness, based on their credit history.
Tags
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
CCSS.RI.9-10.4
CCSS.RI.9-10.4
7.
FLASHCARD QUESTION
Front
What factors can affect your credit score?
Back
Factors include payment history, credit utilization, length of credit history, types of credit used, and recent credit inquiries.
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