Housing
This is a payment made to cover potential damages when renting.
What is a security deposit?
The amount you pay for insurance coverage.
What is a premium?
This is a plastic card that pulls money directly from your bank account.
What is a debit card?
Giving up something to select another option.
What is opportunity cost?
Resources that can be replenished naturally.
What are renewable resources?
This person manages rental properties.
What is a property manager?
The amount you pay out-of-pocket before insurance kicks in.
What is a deductible?
This is a machine used to withdraw cash from your account.
What is an ATM?
A goal-setting method that includes being specific and measurable.
What is a SMART goal?
The three basic economic questions.
What are what to produce, how to produce, and for whom to produce?
This is the upfront cost when buying a home.
What is a down payment?
Insurance that replaces income if you can't work.
What is disability insurance?
This is a way to use a car without owning it.
What is leasing?
A share of ownership in a company.
What is a stock?
The study of individual and business decisions.
What is microeconomics?
This is the comparison of renting vs. buying a home.
What is a housing decision?
Insurance that covers damage you cause to others.
What is liability insurance?
•This is a loan used to buy a car.
What is financing?
A loan to a company or government.
What is a bond?
The limited nature of resources.
What is scarcity?
This person owns the property being rented.
What is a landlord?
Insurance that protects your belongings in a rental.
What is renters insurance?
This is the cost of borrowing money.
What is interest?
The balance between potential gain and potential loss.
What is risk and return?
Government policy involving taxes and spending.
What is fiscal policy?