Skibidi

Question 1

A.P.R. vs. A.P.Y.

Answer 1

Annual Percentage Rate vs. Annual Percentage Yield

Question 2

Balance

Answer 2

Total amount you have in savings - Debit
Total amount you owe on a loan - Credit

Question 3

Bond (Corporate or Treasury)

Answer 3

Fixed-Income instrument that represents a loan made by an investor to a borrower

Question 4

Capacity to pay

Answer 4

Capacity of a debt/debtor to pay or repay its debts, loans or similar obligations

Question 5

Capital gains

Answer 5

Profits you make from selling an asset

Question 6

C.D.’s

Answer 6

Locked in saving accounts

Question 7

Character (for credit)

Answer 7

Passed history with credit - credit score / credit history

Question 8

Checking account (DDA)

Answer 8

Spending account - Check and debit demand

Question 9

Collateral

Answer 9

Repo-d - Only secured loans that have collateral

Question 10

Comprehensive insurance

Answer 10

Covers your own car if it is not a moving accident

Question 11

Collision Insurance

Answer 11

Covers your own car if it is a moving accident

Question 12

Co-Payment

Answer 12

Set amount you pay when you go to the doctor - about $25

Question 13

Credit score/creditworthiness

Answer 13

How likely you will pay a loan on time

Question 14

Credit union (vs. commercial bank)

Answer 14

Small banks - For members
Lower interest loan

Question 15

Debit card

Answer 15

Attached to a checking account - Immediately withdraws money

Question 16

Deductible

Answer 16

The amount you pay before your insurance plan starts to pay

Question 17

Depreciation

Answer 17

Amount of money you are responsible for paying toward an insured loss

Question 18

Diversification

Answer 18

Becoming more diverse

Question 19

Dividends

Answer 19

Sum of money that is paid regularly

Question 20

Dow Jones

Answer 20

The top 30 stocks or companies nationally

Question 21

FAFSA

Answer 21

Free Application for Federal Student Aid

Question 22

FDIC insured

Answer 22

Government agency that insures your savings up to $250k

Question 23

Grants

Answer 23

Financial award given by government entity, foundation, cooperation, or other organization to an individual

Question 24

Gross income

Answer 24

Sum of all wages, salaries, profits, interest payments, rents, and other forms of earnings

Question 25

H.M.O

Answer 25

IN NETWORK group of doctors - cheap and no choices

Question 26

Installment loan

Answer 26

Type of agreement or contract involving a loan that is repaid over time with a set number of scheduled payments

Question 27

Investment

Answer 27

An asset or item acquired to generate income or gain appreciation

Question 28

Invoice

Answer 28

How much the dealership bought the car for

Question 29

I.P.O

Answer 29

Process of offering shares of private corperations to the public in a new stock issuance for the first time.

Question 30

I.R.A

Answer 30

Provide tax advantages for retirement savings

Question 31

Lease (Apartment)

Answer 31

Contractual arrangement calling for the user to pay the owner for the use of an asset

Question 32

Maturity (bond)

Answer 32

Date on which the bond issuer pays back everything they owe to bondholders

Question 33

Money Market Account

Answer 33

deposit account that pays interest based on current interest rates in the money markets

Question 34

M.P.G

Answer 34

Miles per Gallon

Question 35

M.S.R.P

Answer 35

Sticker price

Question 36

Mutual fund

Answer 36

An Investment fund that pools money from many investors to purchse securities

Question 37

NASDAQ

Answer 37

Technology stocks

Question 38

Net Monthly Income

Answer 38

The amount you receive after deductions been taken out

Question 39

Par value / face value

Answer 39

Set by the company in the organization documents.

Question 40

P.P.O

Answer 40

Can go to any legit doctors

Question 41

Premium

Answer 41

The amount you pay each month to keep your insurance policy active

Question 42

Principal

Answer 42

main party or the most important aspect of a particular insurance contract or arrangement

Question 43

Revolving Loan

Answer 43

No fixed number of payments

Question 44

S & P 500

Answer 44

Top 500 of USA largest stocks

Question 45

Savings accounts

Answer 45

Money you save in

Question 46

Security Deposits

Answer 46

Money paid when something is rented to cover possible loss or damage

Question 47

Stocks

Answer 47

Part of a publicly traded company you have invested in

Question 48

Stock Split

Answer 48

Increases the number of shares in a company

Question 49

Tenant

Answer 49

person who occupies land or property rented from a landlord

Question 50

Tuition vs room and board

Answer 50

Education vs. student housing accompanied by meal plan