Insurance:
Budgeting:
Income:
Spending:
Other:
100

Protection against possible financial loss:

What is insurance?

100

The amount of money you put into an account:

What is a deposit?

100

The amount of money taken off your paycheck:

What is a deduction?

100

Money that is owed:

What is debt?

100

The amount of money earned before deductions:

What is gross pay?

200

A fee payed for insurance:

What is a premium?

200

The money is taken out of an account:

What is a withdrawal?

200

A record of deposits, withdrawals, and the balance in your account:

What is a bank statement?

200

A way to buy now and spend later:

What is credit?

200

Is rent considered a fixed expense? T/F

True

300

Insurance that covers damage to your vehicle when it is involved in an accident:

What is collision insurance?

300

A list of planned expenses and income:

What is budgeting?

300

Money the bank pays you for keeping your money in an account:

What is interest?

300

Higher prices create lower demand and lower prices create higher demand:

How does affordability affect demand?

300

 ______ is the amount of money you have to pay before the insurance company will pay a claim.

Deductible.

400

A form of financial protection that eases the financial burden people may experience as a result of illness or injury:

What is health insurance?

400

The original amount of money that you deposited:

What is a principal?

400

A person who makes $879 a week makes this much per year:

What is $45,708?

400

The smallest payment you are allowed to make toward the balance due on your statement:

What is the minimum payment?

400

Missing two payments would increase your credit score.  The higher the score the worse. T/F

False

500
Legal responsibility for the financial cost of another person's loss or injuries:

What is a liability?

500

Your "comfort" zone with the ups and downs of investing:


What is risk tolerance?

500

This source of pay varies for a car salesman:


What is a commission?

500

Two factors that may affect spending:

What is income, economy, deductibles/taxes?

500

Putting half your money into needs, 30% into wants and 20% into savings:

What is the 50/30/20 rule?

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