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Froggy Jumps
Froggy Jumps

Cost of Money Quiz Challenge

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Cost of Money Quiz Challenge
 

Froggy Jumps

Cost of Money Quiz ChallengeOnline version

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

by Kristine Vester
1

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

2

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

3

What is the actual percentage number of interest known as?

4

What is the initial amount invested called?

5

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

6

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

7

What does the Rule of 72 calculate?

8

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

9

What is the ability to buy things referred to as?

10

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

 
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