Insurance
Investing
Finance
Credit
Budget
100
This type of insurance pays your bills (food, rent, gas, etc.) when you are hurt and you can't work.
What is disability insurance?
100

The charge for the privilege of borrowing money, typically expressed as a percentage rate.

What is interest?

100
A for-profit corporation owned by shareholders that takes deposits and makes loans and offers checking accounts.
What is a bank?
100

A record of loans you have taken out and paid back over your life.

What is your credit history?

100
Expenses that do not change from month to month (like rent, mortgage, or car payment).
What are fixed expenses?
200

This type of insurance covers the cost to repair your vehicle when you crash.

What is car or collision?

200

The term that denotes the amount borrowed or the amount still owed on a loan, OR the original amount invested.

What is principal?

200

These two types of accounts, maintained by banks and credit unions, may or may not have associated fees, pay interest, or require minimum balances. Deposits and withdrawals are made directly from such accounts, often via bank tellers and ATMs.

What are checking and savings accounts?

200
This number is used by lenders to determine how much they charge you for interest on loans.
What is your credit score?
200
Expenses that change from month to month (like food, entertainment, or vacation).
What are variable expenses?
300
This type of life insurance covers you for only a fixed period of time.
What is term life insurance?
300

Low-risk investments generally yield a low rate of return. The opposite of the above rule states this.

What is "the greater the risk, the greater the reward" (and the greater the chance of loss)?

300

The lowest amount that employers can pay their employees

What is the (federal) minimum wage?

300

Something pledged as security for repayment of a loan (e.g. a house or car), to be forfeited in the event of a default.

What is collateral?

300
These taxes are taken out of your paycheck by the federal government and used to provide income to elderly people.
What is Social Security?
400

This is the name of the money you pay every month to have an insurance policy.

What is a premium?

400
This is a type of tax deferred retirement account that you control. You don't pay taxes on the income from it until after you retire.
What is an IRA?
400
A type of interest that grows not only on the principal but also on all accumulated interest over time.
What is compound interest?
400

This type of loan has no interest if paid back after a month. If you don't pay it back in a month, you pay compound interest, which is compounded monthly.

What is a credit card loan?

400
These taxes are taken out of your paycheck and used to pay for elderly people's health care.
What is Medicare?
500
This is the money you pay out of pocket when you need to use insurance.
What is a deductible?
500
This is an investing technique in which you spread your money around different types of investments.
What is diversification?
500

This government agency guarantees your deposits in a bank up to $250,000.

What is the FDIC (Federal Deposit Insurance Corporation)?

500

This interest rate, which factors in borrowing fees, must be divulged by lenders so that you may more easily compare rates.

What is an annual percentage rate (APR)?

500
Your wages AFTER taxes and deductions.
What are net wages?
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