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