Banking
The passive, small amount of money earned for simply having your money in a savings account
What is interest?
What is FOMO?
Fear of missing out
What is the fee for using other people’s money?
Interest
What is the amount you must pay before insurance kicks in?
Deductible
Other than common stocks of a single company, investing is known for grouping several in what is called
What is a fund/mutual fund?
This type of saving helps you earn interest on your interest
What is compound interest?
What is bandwagon bias
Doing something because others are doing it
What is the ability to buy things and pay later?
Hint: Is on the Fico score.
Credit
You pay this amount monthly or yearly to keep insurance active
Premium
The two names given to general trends in the stock market
What is a bull market (increasing stocks) and bear market (declining stocks.)
The age range for which no fees are applicable for a saving or checking accounts
What is under 25 years old?
Name 4 cognitive bias
Possible answer choices : Fomo, bandwagon, hindsight, disposition, anchoring, recency, confirmation, framing, optimism, payoff, loss aversion.
What is the credit score range (least to greatest)?
300 to 850
What is the name when damage is outside of your control in car accidents?
Comprehensive
Traditionally, over long periods of time, the stock market is known to
What is rise? (Trend upwards, increase in value, move positively, etc.)
The maximum amount of government insured money for your accounts in a single bank
(Answer should be in the form of a money quantity)
What is $250,000?
What account represents a short term revolving loan? Hint: Getting it from the bank
Credit card
What does PPO stand for?
Preferred Provider Organization
On a scale of rating bonds, the highest quality of product is known as
What is a AAA bond?
What is medium of exchange, unit of account, and store of value?
What document has info about a person’s credit activity/history?
Credit report
What is the name of federal program for those over 65 years and the name for those with low income?
Medicare and Medicaid
An IPO is
What is an initial public offering, or the new shares offered by a company who comes onto the stock market?