Banking
The two types of bank accounts.
What is a checking account and a savings account?
A spending plan based on income and expenses.
What is budget?
Range of a credit score.
What is 300 to 850?
A contract for financial protection from risk or loss.
The chance of losing but opportunity of winning.
What is risk?
A fee for the use of someone else’s money.
What is interest?
A budget helps balance these three things over specific period of time.
What are income, expenses, and financial goals?
Creators of tax reports.
What are Equifax, Experian and Transunion?
Liability and collision damage are component for what kind of insurance?
Auto-insurance.
The market index for the Healthcare sector in the USA.
What is the S&P 600?
Percentage of income that should be saved.
What is 20%?
This budgeting method uses envelopes (physical or digital) to manage spending my category.
What is the envelope budget?
Things to consider when getting a credit card.
What are Annual Fee, Interest Rate, Penalty Rate, Late Fees and Grace Period?
Renter’s insurance does not include this type of coverag.
What is flood coverage?
Another name for coupon rate.
What is interest rate?
Government protection for money, saves $250,000 per person.
What is Federal Deposit Insurance Corporation (FDIC)?
In the envelope system, this happens when an envelope is empty.
What is no spending allowed?
Payment history (35%), Credit usage (35%), Credit history (15%), Type of credit (10%), and New credit/inquiry (10%)
What makes up your credit score?
What does PIP stand for?
Personal Injury Protection
A government program that pools contributions from current workers to provide support benefits to who are elegible.
What is social security?
Amount of withdrawals a saving account allows each month.
What is six withdrawals?
After money is left in a category’s envelop, you can choose between these options.
What are saving it or rolling it over?
Government agencies and laws that protect your credit.
What are Consumer Finance Protection Bureaus (CFPB) and Fair Credit Reporting Act (FCRA)?
Three types of health plans.
What is HMO, PPO, and POS?
The annual fee charged to investors who own mutual funds and exchange traded funds.
What is the expense ratio?