Credit
What is the lowest and highest credit score you can have?
300-850
This type of account is connected to your debit card
Checking account
What type of growth do investments tend to follow?
Linear or Exponential
Exponential
The amount that you need to pay before insurance will cover the rest of the cost of an accident
Deductible
How do you pay taxes?
Your paycheck
The amount borrowed by someone for a loan
principal
A monthly fee that some banks charge to keep your account open
A monthly fee that some banks charge to keep your account open
Some jobs offer this valuable retirement plan as a benefit
401(k)
This type of car insurance covers you if you cause injuries or property damage for someone else
Liability coverage
This date is the typical deadline for Americans to file their taxes
April 15
A record of how you've managed loans and payments over time
Credit report
This alternative to a debit card doesn’t require a bank account, but often comes with higher fees and lacks consumer protections
Prepaid card
This stock market index represents 500 of the largest companies listed on stock exchanges in the United States
S&P500
If you want a lower deductible and higher coverage limit, you will pay a higher monthly
Premium
Taxpayers must complete this form every year to file their taxes
1040
An initial payment made when buying something expensive, such as a car or house
Down payment
How is a Certificate of Deposit (CD) different than a typical savings account
You cannot withdraw the money for a set time
This strategy involves spreading investments across different assets to reduce risk
diversification
What is the fixed amount you pay when you use health insurance at a doctors office?
Hint: the insurance pays some of it as well
copay
Employees receive this form each January that summarizes their earnings and taxes for the previous year
W-2
The lowest amount you can pay on your monthly credit card bill to remain in good standing
The lowest amount you can pay on your monthly credit card bill to remain in good standing
This federal insurance program protects the money you deposit in member banks up to $250,000 per depositor, per bank
FDIC
The process that makes your money grow faster over time by reinvesting your earnings (interest or capital gains)
Compounding
Insurance companies use this strategy to afford large payouts by collecting premiums from a large group
Risk pooling
Fill this form out when you start a new job to determine how much your employer withholds in taxes
W-4