Credit
What are Risks?
Rational Decision Making
the same percentage
Proportional Tax
Health Insurance
pays medical bills
Supply
needs
Risk vs. Return
the higher the risk the higher the return
A value in a product
Interest
hurts people with low income
Regressive tax
Automobile Insurance
pays car insurance
Demand
wants
Human Investent
an interest
3 c's of credit
Capacity,Collateral, and Character
hurts people with high income
Progressive Tax
Disability Insurance
pays your monthly portion until you retire
Functions of Financial Institutions
Disability
Stock
investment in a company
not paying your bills on time or spending too much money
Bad credit
Sales Tax
tax paid by the governing body for goods and services.
Life Insurance
provides money to the people you choose
Banks
a place for your money
Insurance Premium
protection from financial lost
Spending money in a good way
good credit
income tax
tax rate times taxable income
Homeowners Insurance
takes care of your home bills
Education Level vs. Income Level
education= higher rewards
Human Capital
stock of habits