Properties of insurance
What is Health insurance?
insurance that helps pay medical bills
What is the main property of health insurance?
Medical coverage
Which card is best for avoiding debt?
Debit cards
Where do you put your signature on a check?
The bottom right corner.
What is it called when a loan gains interest?
Compound interest
It helps cover any accidents, theft, or damage done to your vehicle.
What is car insurance mainly used for?
If damage is done to your vehicle it can cover those expenses.
If you have a debit card, can you build a credit score?
No
What is the Payee Line.
It is used to determine who the check is going to.
What kind of loan is used to pay for college schooling?
Student loans
What is Life Insurance?
What does life insurance cover?
What is the main property of a credit card?
Paying back the money later after you use the money you spent
What is the Memo Line used for?
The Memo line is where you put the reason for the check.
What is NET pay
Your take home pay, the money you get in your bank account.
What is Renters Insurance?
What is renters insurance used for?
To cover any expenses caused by harm done to a renters building or themselves.
A debit card
If the numbers and the words on a check do not match, which amount does the bank use?
They use the amount written in words.
What loans typically use simple interest?
Short-term, automobile, personal, and certain student loans.
What add on protection plan protects you when you're in a car accident that isn't your fault?
Collision Protection
Which insurance covers your apartment catching on fire?
Renters insurance
What is credit?
A promise to pay money back after you spend it.
If you mess up any part of a check what are you supposed to write overtop it?
VOID
What is GROSS pay?
The amount you get before taxes and NET pay