Fiscal Lingo for Fledgling Financiers

January 2015

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 1. ___ is an example of large credit union.


 2. Only credit cards have the Visa® logo on them.
 
 3. If you declare bankruptcy, every debt you owe is eliminated and you start again with a completely clean slate.
 

4. ___ is one of three organizations that monitor and assess your ability to repay your debts.
 

 5. Banks typically require ___ of the purchase price as the down payment on a home.
 
 6. If your home is appraised at less than the amount you still owe your mortgage lender, you are___.
 
 7.  A Home Equity Line of Credit is given to the borrower in one lump sum.
 
8. Bonds are ___ made by investors to companies or governments.
 
 9. A money market is a low-interest-bearing checking account.
  
 10. The Consumer Price Index is used to make income eligibility adjustments that affect free/reduced-price meal rates for school meals.
 

 

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