Credit
Vocab
Debit
Compound Interest
100
How old do you have to be to own a credit card?
18
100
Landmark health reform legislation passes by the 111th Congress and signed into law by President Obama is what?
Affordable health care act
100
Who's money are you using when you use a debit card?
yours
100
What is the equation for compound interest?
B=p(1+R/N) NT
200
When you use a credit card, who's money are you using?
The banks
200
A request a person makes to an insurance company to pay for services obtained from a health care professional is what?
Claim
200
Does a debit card build credit?
No
300
What are some major brands of credit cards?
Visa, chase, master
300
What is a carrier?
Insurance company offering a health care plan.
300
Is there any restrictions to debit cards?
No
400
Who is the most targeted to get a credit card?
College students, teens
400
What is a co-payment?
A predetermined amount you pay every time you visit a health care provider.
400
Where should you not use a debit card?
Internet
500
What are some rewards with using credit cards?
You can get cash back, earn air miles, and earn points
500
What is the effective date?
The date your insurance kicks in.
500
Do you enter a pin while using a debit card?
yes
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