Financial Literacy Exam Review

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Across
  1. 2. Which investments is characterized by the following trait: Investor loans money to a city, county, government, or company, Money is repaid after a certain date, plus interest is paid, generally safe.
  2. 6. When one receives a product or service now, but pays for it later, it is known as what?
  3. 8. When eating in a restaurant, one must consider which of the following additional costs to the price of a meal and sales tax?
  4. 10. What is the typical amount of time in which a borrower must pay off a mortgage loan?
  5. 15. When one is inspecting a banking or credit statement and discovers several charges they did not make, the individual is most likely a victim of what?
  6. 16. What allows for a customer to pay a deposit on an item, and then not receive the item until the balance is paid in full?
  7. 17. When one is seeking to purchase a product at a store, what additional cost must be paid in addition to the listed price of the product?
  8. 19. When one part of a contract does not do what the contract requires, the individual has committed a what of the contract?
  9. 20. A term for a person who relies on someone else financially?
  10. 21. Which financial institutions receives criticism for targeting people in poverty and other vulnerable populations through charging extremely high interest rates?
Down
  1. 1. If the value of one's house increases, all the following will most likely rise EXCEPT:
  2. 3. The total money one gets to “take home” from a paycheck after taxes and deductions are taken out is known as what?
  3. 4. Which tax will be paid for as part of the escrow funds included in a mortgage loan?
  4. 5. What investments are characterized by the following traits: Risky, Ownership in a corporation, pays dividends, potential reward is high?
  5. 7. Which type of insurance provides people who depend on a wage earner after the wage earner dies?
  6. 9. What is a financial institution that handles money, including keeping it safe for saving or commercial purposes?
  7. 11. Which type of insurance assists in covering medical expenses associated with short-term illness and accidents?
  8. 12. Which term used to describe interest earned on interest gained?
  9. 13. Which purchasing card removes funds from one's checking account almost instantly after one makes a purchase?
  10. 14. When the government raises interest rates, which of the following is positively impacted for a consumer?
  11. 18. Resource When one invests in a commodity, they are investing in what?