
B2i - Financial & Utilities Terminology
Quiz by Abner Santos
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What is a financial strategy for saving and investing money that you can use as income during your old age?
"Utilities" usually refer to what kinds of services? Check all that apply
Your "Gross Income" refers to the total amount of money earned from various sources before any deductions for taxes or other expenses.
A credit card statement is a letter from the bank stating that I have a credit card and, therefore, people should trust me to pay my bills.
What is a self-employed individual?
Money borrowed that needs to be paid back with interest
The action of keeping track and planning one's expenses carefully based on one's income, cost of living, debt, etc.
Which type of tax is assessed on real estate (homes, pieces of land, an apartment) and on tangible personal properties?
A secured loan is when you borrow money and give an asset as security (such as a house).
The "cost" of borrowing a certain amount of money. It is a percentage amount added monthly to the debt, and it's how lenders make a profit.
The term used for splitting a payment on a loan into several installments
The smallest amount of a credit card bill that a credit card holder must pay each billing cycle?
Link the financial products below to the correct category
A number, usually between 300 and 850, that expresses a person's creditworthiness based on their history paying bills and debt