Save
Upgrade to remove ads
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

CIV M8 Review

Civics Module 8 Review

TermDefinition
Mortgage A payment on a loan from the bank that was used to buy a house.
Rent A payment to the owner of a property in order to live there.
Finance The management of large sums of money.
Taxes Fees that the government requires people to pay in order to live and work in their state and the U.S.
Gross Pay The amount of money earned during a pay period before deductions.
Net Pay Also known as "take-home pay," is the amount of money remaining after the total deductions have been subtracted from the gross pay in the pay period.
Fixed Expenses Expenses that are the same each time they are paid and are paid at least once a month.
Social Security An income program that helps older Americans.
Variable Expenses Expenses that are paid at least once each month but are based on usage or amounts and are different each time.
Bank Account An arrangement with a financial institution that allows you to deposit and withdraw money.
Interest Money that is earned on deposits in a bank account or paid on money owed.
Checking Account Bank account that allows paper checks or debit cards to be used to withdraw money from the account.
Savings Account There are several types of these. All earn interest on the money deposited into the account.
Money Market Account Similar to a checking account, money can be deposited and withdrawn monthly. However, there is a limit to the number of transactions that can occur without penalty and a minimum balance must be maintained.
Certificate of Deposit A savings account that has a certain time given to it. Money deposited earns higher interest but money cannot be withdrawn until the certificate time has elapsed.
Bonds A certificate of debt issued by governments and corporations to people who lend them money.
Mutual Fund Reduces the risk of investing in the stock market by combining investors' money to buy a small part of a large number of stocks.
Stock Shares of ownership in a company; value increases as the value of the company increases and decreases as the value of the company decreases.
Federal Deposit Insurance Corporation A federal agency that insures bank accounts up to $250,000.
Securities and Exchange Commission Monitors our stock market and the brokers who buy and sell stock.
Loan Borrowing money from a bank or other lender that will be repaid with interest.
Prime Interest Rate The interest rate a bank will charge its customers with the highest credit scores.
Subprime Loans Offered to people with lower credit scores and carry higher interest rates.
Fixed Rate Loans Loans that carry the same interest rate until the loan is repaid.
Variable Rate Loans Loans that carry interest rates that change as the market interest rate changes.
Adjustable Rate Mortgage The interest rate the homeowner pays will change each month as the prime rate changes.
Credit Making a purchase that will be paid for over time, including additional interest charges.
Credit Card A plastic card that allows a customer to make purchases that are paid for over time.
Interest Rate A percent that is paid on money in a bank account or money owed.
Credit Score A numeric value that explains a person's history of bill payments and used to determine credit worthiness.
Fraud Deceiving someone for personal or financial gain.
Ponzi Scheme Convincing someone to invest money in a company or idea that does not actually exist with the promise of high returns and little risk.
Identity Theft Occurs when someone uses your personal information to create credit accounts.
Created by: dmcsorley13
Popular Social Studies 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