Financial Literacy

123456789101112131415161718192021222324252627282930
Across
  1. 1. Another word for Pyramid scheme
  2. 3. This is the type of economy the U.S. and most of the world uses involving some government involvement in the economy
  3. 4. Something you are working for. An objective you have set for yourself
  4. 5. The fee you are charged if you spend more than what is available in your checking account
  5. 7. Medicare and Social Security combine to make this
  6. 9. Financial assistance you do not need to pay back. Often in the form of a scholarship
  7. 10. How you would define salary, commissions, tips, or hourly wages
  8. 13. The original amount borrowed for a loan
  9. 15. A period of economic decline when GDP declines for two consecutive quarters
  10. 19. What type of investment is ownership of a company
  11. 20. The general rise in the price of goods
  12. 23. This type of insurance protects your home from floods, fires, or other unexpected events
  13. 24. Term used for pay after taxes are taken out
  14. 25. A well mixed group of investments to reduce risk
  15. 26. When you are unable to pay your bills. This remains on your credit report for 7-10 years
  16. 27. Something that is essential for your survival.
  17. 29. This type of insurance protects you when you get sick, go to the hospital, or need a medical procedure
  18. 30. The loss of a potential gain when an alternative option is chosen. ____ cost
Down
  1. 2. The extra amount we pay for borrowing the banks money
  2. 4. Taking a financial risk usually by betting on the outcome of a game
  3. 6. This type of insurance protects you when you are driving
  4. 8. This table shows how much principal and interest is applied with each payment
  5. 10. The process of buying assets that increase in value over time and provide a source of income
  6. 11. An expense you could live without if needed. Not essential for survival
  7. 12. Free Application for Federal Student Aid
  8. 14. The transfer of financial risk to an organization
  9. 16. This is the type of economy a country would use that has complete control over the economy
  10. 17. The payment an individual makes after an accident before insurance will pay
  11. 18. This type of insurance pays the beneficiaries in the event that the insured individual dies
  12. 19. The condition of having unlimited wants with limited resources
  13. 21. Term used for pay before taxes are taken out
  14. 22. The cost to keep an insurance policy active. Usually paid monthly
  15. 25. This type of insurance pays an individual a portion of their income in the event that they are unable to work
  16. 28. The account money is withdrawn from when you use a debit card