Money and Banking
Is owned by its members
What is a Credit Union
Tax that is charged on the money you earn
What is Income Tax
What type of insurance is put in place to help assist your family after you pass away.
What is Life Insurance
Money borrowed with the promise to repay it later
What is a loan
An ownership share in a corporation
What is a stock
Have many locations and are easily accessible
What is a Bank
Tax that can be placed on a home, land or sometimes vehicle
What is Property Tax
What is universal healthcare?
What is a healthcare system that is provided by the government for all citizens
A number that represents how likely you are to pay back debt
What is credit score
A stock that goes up or down with the economy
What is a Cyclical Stock
Offers different types of loan
What is both a bank and a credit union
Tax that is placed on everyday purchases but excludes things like food and clothing
What is Sales Tax
What you pay to maintain the contract between you and your insurance company
What is Premium
KBB stands for
Kelley Blue Book
A bond bought at $600 and is cashed in for $1000 is known as what type of bond
What is a zero coupon or discount bond
Name two advantages of online banking
Access 24/7
No checks need to be written
Transactions are automatic
No fee to use these services
Tax placed on non essential consumer goods like tobacco and gasoline
What is Excise Tax
What do these numbers stand for 50/100/50
Yes you need all three
Bodily Injury/ Total Bodily Injury/ Property Damage
Name 2 items that you may find on someones credit report
Bills
Loans
Credit Accounts
Bankruptcy
What company does the ticker symbol KO represent
What is Coca Cola
What does EFT stand for?
What is Electronic Funds Transfer
In Massachusetts what yearly tax do you pay on a vehicle only after it is purchased
What is excise tax
Name three possible ways to keep your auto insurance premiums down
Good Student Discount
Higher Deductibles
Vehicle Type
Age and Condition
Insured Under Parents
Roughly how many years will it take your money to double at 12% interest rate
Roughly 6 Years
Name two ways you can make money off of stocks
Dividends and the stock going up in value