Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Financial Freedom

Unit 5 Review - Financial Accounts & Financial Freedom

QuestionAnswer
What is the term used to describe transactions that post to an account immediately? Point-of-sale
When 2 people have authority and access to a checking account Joint Checking
What is the biggest problem with savings accounts today? The interest rates are lower than the inflation rate
A bill automatically paid out of a checking account whenever it is due Auto-pay
Money that has been spent or committed to be spent, but not processed by the bank yet Floating money
What is the difference between a savings account and a CD? CDs earn a higher interest rate than savings accounts
How can you achieve financial freedom? Get out of debt
1st step to financial freedom is to stop digging your own pit. That means? Stop getting into more debt
A major financial emergency Ambulance trip to the ER
A minor financial emergency Broken window
Amount of money for your first emergency fund $1,000
Amount to trim off your budget to save up for an emergency fund $5
A general increase in prices and fall in the purchasing value of money Inflation
Very high rates of inflation which rapidly erode the value of currency Hyperinflation
Use this method to pay off your debts faster The Snowball Method
Formula for calculating simple interest Principal x rate x term
Created by: acadman
Popular Finance sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards