Money Basics
What is a want?
Something unnecessary but desired or an item which increases the quality of life; Similar to a "wish list"
What is car insurance/auto insurance?
Required insurance for all drivers
What is a first impression?
The most important and most memorable interaction between two people; particularly between interviewer and interviewee
What is a need?
Something though to be a necessity or an essential item required for life
What is online banking?
The newest and fastest way to bank
What is expenses?
Money spent
What is long term goal?
A goal that can be reached in more than one year
What is bartering?
Direct exchange of one good for another
What is collision insurance?
Car insurance that is protection for other's property in case you damage it but not protection for your own property
What is a deduction?
Money taken from your income before you receive income
What is short term goal?
A goal that is achievable in a time period of less than one year
What is cotton and linen?
The two materials that make up our money
What is fraud?
Intentional concealment or misrepresentation
What is a check?
A way to exchange money from one entity to another that must be endorsed by a signature
What is a resume?
A piece of paper that one should bring with them to interviews and hand to the interviewer
Amount (percentage) of a torn bill you must have in order to exchange it for a new one at the bank
What is 51%?
What is comprehensive coverage?
Auto insurance that is protection for other's property and also protection for yourself and your property; This is sometimes referred to as "full coverage"
What is a bank statement?
A monthly report sent to the account holder by the bank that shows all the transactions for that account for a month's time
What is a budget?
Helps you manage your money; Lists all of your expenses and your income for each month
What is following directions?
The top complaint employers have about their employees; Employees need to do this to be good employees