Stock Market
What word means, "An investor who believes a stock or the overall market will decline?"
Bear or Bearish
What is the main reason you should pay taxes according to your notes?
It's the law
Which tax form will most people use to calculate their tax bill?
1040
What word/phrase means, "a numerical rating representing the perceived ability of a person or organization to fulfill their financial commitments, based on an analysis of their credit history and current financial circumstances?"
Credit Score
What word/phrase means, "a summary of your credit history, which includes information about how you've managed your credit over time?"
Credit Report
Choosing to not spend some or all of your money on "wants" may result in you having what?
Savings
What was I before I became a teacher?
Police officer or Cop
What word means, "A capital infusion offered to a business with a national or multi-national footprint that is in danger of banruptcy, insolvency, or total liquidation?"
Bailout
What word means, "an official inspection of an individual's or organization's accounts, typically by an independent body?"
Audit
What word means, "the amount of income subject to tax, after deductions and exemptions?"
Taxable Income
What word means, "something pledged as security for repayment of a loan, to be forfeited in the event of a default?"
Collateral
What word means, "failure to fulfill an obligation, especially to repay a loan or appear in a court of law?"
Default
Which of the following is the eastiest way ro participate in no-risk saving?
Savings account
What city was I living in before I moved to Fallon?
Las Vegas
Which type of order is executed immediately, but does not guarantee a specific price?
Market Order
What word means, " a tax that is paid by a company and that is based on the amount of money that the company spends paying all of its employees?"
Payroll Tax
What word refers to the IRS checking your tax filing information to make sure it is correct?
Audit
What word/phrase means, "a type of credit card that is backed by a cash deposit. The deposit is often equal to the credit limit?"
Secured Credit Card
What word/phrase means, "the percentage of available credit that you're using on your credit cards and other lines of credit?
Credit Utilization
Where is interest earned in a savings account transfered?
Into your savings account
What instrument do I play?
Bass Guitar
What word means, "Increase in the value of an asset?"
Appreciation
Who imposes taxes?
Governments
What word means, " impose (a tax, fee, or fine)?
Levy
Which type of credit inquiries do not hurt your credit score?
Soft Inquiries
What type of credit inquiries hurt your credit score?
What type of saving strategy offers the LOWEST interest rates?
Savings accounts
Which stock did I short sell and make a lot of money on in our stock market simulation?
What type of taxes do you pay on stock market profits?
Capital Gains Tax or Capital Gains
What word/phrase means, "the sum of all wages, salaries, profits, interest payments, rents, and other forms of earnings, before any deductions or taxes?"
Gross Income
What word means, "a tax in which the tax rate increases as the taxable amount increases?"
Progressive Tax
What is a tip I gave for making sure you never miss paying a bill on time?
Schedule recurring payments online (auto-pay)
How often are you legally allowed to receive a free credit report?
Once per year or annually
What type of savings strategy does the issuer NOT make any profit off of?
Bonds
What state was I raised in?
Oregon
What word mean, "A portion of a compnay's profit paid to common and preferred shareholders?"
Dividend
Which of the following words means, "a range of incomes taxed at a given rate?"
Tax Bracket
What word means, "a right to keep possession of property belonging to another person until a debt owed by that person is discharged?"
Lien
What do you need to do if you disagree with your credit report?
Write a letter to each of the credit reporting agencies
How do you establish credit?
Open an account that gives you credit
Who usually issues bond?
Governmental bodies or the governnment
What brand of car do I drive?
Alfa Romeo
What word/phrase means, "A market phenomenon characterized by surges in asset prices to levels significantly above the fundamental value of that asset?"
Economic Bubble
What word means, "a United States federal payroll (or employment) tax payable by both employees and employers to fund Social Security and Medicare."
FICA
The government can impose penalties if you underpay your taxes by what amount?
$1,000
What credit score affecting category shows lenders how much experience you have handling credit?
Oldest line of credit
What is the range for credit scores?
300 - 850
If you do NOT have a checking and savings account with the same bank what is something you should be aware of that might happen when transfering money?
It may take multiple days for the transfer to be completed.
How many years have I been teaching?
20
What type of order can be seen as betting against the market?
Sell Short or Short Sell
Who must pass a limit on how much money the government can borrow?
Congress
What is the 2024 standard deduction amount for someone filing "married, filing separately?"
$14,600
What percentage weight of your credit score is payment history?
35%
What is "bad" debt?
Any money borrowed that can lead to financial problems in the future
What type of savings strategy offers the high interest rates?
Certificates of deposit
How old am I?
48
What type of order instructs the broker to BUY a certainstock once the price reaches a certain value?
Limit Order or Limit
What is the 2024 standard deduction amount for someone filing "head of household?"
$21,900
Anybody who is UNDER 65 years of age must file taxes if they make at least how much money?
$12,950
What are the 3 big credit reporting agencies?
Equifax, Experian, and TransUnion
What percentage weight of your credit score is length of credit history?
15%
Banks make money off of what two types of savings strategies?
How tall am I?
6'5"
What type of order instructs a broker to SELL a certain stock once the price reaches a certain value?
Stop Order or Stop Loss
What is the current property tax rate for Nevada?
.44%
What is the 2024 standard deduction amount for someone filing "single?"
$14,600
Why would the Federal Reserve RAISE base interest rates?
To keep inflation rates low by lowering the amount of money in circulation.
Why would the Federal Reserve LOWER base interest rates?
To boost the economy by putting more money into circulation
Which two types of savings strategies will penalize you if you cash them in early?
Bonds and certificates of deposit
What Scottish clan am I a member of?
Clan Forbes