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Financial Lit Game
Financial Literacy game creation
Term | Definition |
---|---|
401 K is... | employers sponsored retirement account, can include contributions from employer and has a limit on how much to contribute each year |
Annual credit card fees... | are charged annually, once a year such as American Express charge card |
APR is... | to helps you compare loan rates |
Beneficiary is... | a person to whom money is left from a life insurance policy |
as soon as you enter workforce you should... | invest for Retirement |
Vacation and sick pay are... | pay without work |
Unsecured loan | must be backed by collateral |
Unearned income | interest, dividends and transfer payments |
Term life insurance | provides a death benefit and it is for s specified time frame |
Some forms of unearned income | Dividends and interest |
Social security | retirement program for elderly and pays disability |
Savings Bond | worth face value at maturity |
Salary pay | when you are paid by a given yearly amount |
Maximum amount on credit card is called | credit limit |
Liquid account | a savings or checking accounts |