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Name: ___________________________________
Date: ___________________________________
Date: ___________________________________
Financial Alg Exam A
- 1. principal
- 2. credit card
- 3. debit card
- 4. compound interest
- 5. simple interest
- a. the amount of money deposited or borrowed
- b. an ATM card that can be used to deposit or withdraw money as well as to make purchases for which the amount is immediately deducted from an account
- c. a card that allows an individual to pay for merchandise by borrowing against a line of credit
- d. interest calculated once throughout the life of a loan or deposit
- e. interest calculated at regular intervals
Name: ___________________________________
Date: ___________________________________
Date: ___________________________________
Financial Alg Exam A (Answer Key)
- a 1. principal
- c 2. credit card
- b 3. debit card
- e 4. compound interest
- d 5. simple interest
- a. the amount of money deposited or borrowed
- b. an ATM card that can be used to deposit or withdraw money as well as to make purchases for which the amount is immediately deducted from an account
- c. a card that allows an individual to pay for merchandise by borrowing against a line of credit
- d. interest calculated once throughout the life of a loan or deposit
- e. interest calculated at regular intervals
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