JA Finance Units 2-4 Pretest

A business that provides money-related services

• financial institution
• bond
• interest
• invest

A fee received or paid for the use of money

• PYF
• Mutual Fund
• Financial Institution
• Interest

To commit money to gain a profit or earn interest

• Risk
• Savings Account
• Bond
• Invest

To automatically save a specified amount from a paycheck for future use

• PYF (Pay Yourself First)
• Principal
• Risk
• Interest

The amount of money originally invested

• Invest
• Interest
• Principal
• Mutual Fund

An interest-bearing account where people put money for future use

• Credit Card
• Bond
• Interest
• Savings Account

Money paid out of pocket before insurance covers the remaining costs

• Insurance Policy
• Deductible/Co-pay
• Premium
• Risk

A contract that outlines coverage plans and protects a person against financial loss or damage

• Insurance Policy
• Deductible/Co-pay
• Premium
• Risk

The amount paid for an insurance policy

• Insurance Policy
• Deductible/Co-pay
• Premium
• Risk

A for-profit institution that offers personal loans, mortgages, and other services

• Credit Union
• Interest
• Bank
• Premium