W!SE Review

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Across
  1. 1. The rule that you use to figure out when your money will double by using the interest rate
  2. 4. A mix of different stocks and bonds chosen by a fund manager; this type of fund is invested into by many people to share the risk of fund performance
  3. 7. Source of income like your salary or hourly wage
  4. 8. This is the payment to shareholders when a company is doing well and chooses to share their profits
  5. 13. A type of retirement plan; you do not pay taxes today, you pay taxes on the money when you are ready to retire
  6. 14. Which endorsement will only allow a check to be deposited to a specific account
  7. 15. Allows you to earn interest on interest
  8. 17. The measure of financial wealth; Assets-Liabilities = this
  9. 18. These are payroll deductions like 401k, health insurance, or life insurance, that are taken directly from your paycheck
  10. 20. The alternative given up when a choice is made
  11. 22. Member-owned financial institution
  12. 23. This is the policy that the Federal Reserve uses to set open market operations, set the discount/interest rate, and set the Reserve requirement ratio
  13. 25. Money that isn't backed by gold
  14. 26. This is what you are paid BEFORE your mandatory and voluntary payroll deductions are taken out
  15. 27. An insurance policy that pays a lump sum of money to your beneficiary when you die; it is only valid for a set number of years; cannot be used as an investment tool
  16. 28. A product that you purchase to help manage your risk
  17. 29. Money that is left over after all your necessities are paid like rent, car payment, food, etc.
Down
  1. 1. An insurance policy that protects your belongings in case of fire, burglary, or natural disaster; doesn't not cover structure - only possessions
  2. 2. A loan that is backed by collateral or an asset (ex. Mortgage, Car Loan)
  3. 3. A short-term bond that helps to operate the US Government
  4. 5. This is the central bank of the US; it uses monetary policy to regulate the US money supply
  5. 6. This is the acronym for the Federal Deposit Insurance Corporation
  6. 9. This is a type of student loan where the government will pay your interest as long as you are enrolled in college either part-time or full-time
  7. 10. A report that details your creditworthiness based on history, payments, open credit, etc.
  8. 11. This is what will happen if you do not pay your mortgage
  9. 12. A tax where everyone pays the same percentage (ex. VA Sales Tax is 6% for everyone)
  10. 16. What you do when you compare your account register to your account statement to ensure there are no errors
  11. 19. This is the legal process that allows a third party to deduct a payment from a debtors paycheck or bank account
  12. 21. This is what we call the market when stocks and value are increasing
  13. 24. The cost lenders charge borrowers for a loan
  14. 28. The general rise in prices over time