Cost of Money Quiz Challenge

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Test your knowledge on key financial concepts and terms! Keep practicing your Cost of Money vocabulary!

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Kristine Vester

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Froggy Jumps Cost of Money Quiz ChallengeVersión en línea Test your knowledge on key financial concepts and terms! Keep practicing your Cost of Money vocabulary! por Kristine Vester 1 The interest or percentage extra that you pay when you borrow money. The cost of borrowing money. a Average Payment Rate b Annual Percentage Rate c Annual Payment Rate 2 The extra percentage that you pay when you borrow money. OR The extra percentage earned when you save or invest money. a Principal b Compound Interest c Interest 3 What is the actual percentage number of interest known as? a Simple Interest b Principal Amount c Interest rates 4 What is the initial amount invested called? a Interest b Principal c Buying Power 5 What type of interest is paid only once on the principal? a Simple interest b Annual Percentage Rate c Compound interest 6 Interest that is paid to someone who is saving or investing money multiple times. Interest is also paid on the interest gained. a Compound interest b Simple interest c Principal 7 What does the Rule of 72 calculate? a Total interest paid b Monthly payment amount c Years for money to double 8 Money received today is worth more today than it will be in the future because things will cost more in the future. a Interest Rates b Time value of money c Buying Power 9 What is the ability to buy things referred to as? a Buying Power b Principal c Interest 10 The central bank of the United States. It regulates the U.S. monetary and financial system. a Central Bank of Europe b Federal Reserve Bank c World Bank

Froggy Jumps

Cost of Money Quiz ChallengeVersión en línea

Test your knowledge on key financial concepts and terms! Keep practicing your Cost of Money vocabulary!

por Kristine Vester

The interest or percentage extra that you pay when you borrow money. The cost of borrowing money.

Average Payment Rate

Annual Percentage Rate

Annual Payment Rate

The extra percentage that you pay when you borrow money. OR The extra percentage earned when you save or invest money.

Principal

Compound Interest

Interest

What is the actual percentage number of interest known as?

Simple Interest

Principal Amount

Interest rates

What is the initial amount invested called?

Interest

Principal

Buying Power

What type of interest is paid only once on the principal?

Simple interest

Annual Percentage Rate

Compound interest

Interest that is paid to someone who is saving or investing money multiple times. Interest is also paid on the interest gained.

Compound interest

Simple interest

Principal

What does the Rule of 72 calculate?

Total interest paid

Monthly payment amount

Years for money to double

Money received today is worth more today than it will be in the future because things will cost more in the future.

Interest Rates

Time value of money

Buying Power

What is the ability to buy things referred to as?

Buying Power

Principal

Interest

The central bank of the United States. It regulates the U.S. monetary and financial system.

Central Bank of Europe

Federal Reserve Bank

World Bank

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Cost of Money Quiz Challenge

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Cost of Money Quiz ChallengeVersión en línea

por Kristine Vester

The interest or percentage extra that you pay when you borrow money. The cost of borrowing money.

The extra percentage that you pay when you borrow money. OR The extra percentage earned when you save or invest money.

What is the actual percentage number of interest known as?

What is the initial amount invested called?

What type of interest is paid only once on the principal?

Interest that is paid to someone who is saving or investing money multiple times. Interest is also paid on the interest gained.

What does the Rule of 72 calculate?

Money received today is worth more today than it will be in the future because things will cost more in the future.

What is the ability to buy things referred to as?

The central bank of the United States. It regulates the U.S. monetary and financial system.

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