Insurance:
Protection against possible financial loss:
What is insurance?
The amount of money you put into an account:
What is a deposit?
The amount of money taken off your paycheck:
What is a deduction?
Money that is owed:
What is debt?
The amount of money earned before deductions:
What is gross pay?
A fee payed for insurance:
What is a premium?
The money is taken out of an account:
What is a withdrawal?
A record of deposits, withdrawals, and the balance in your account:
What is a bank statement?
A way to buy now and spend later:
What is credit?
Is rent considered a fixed expense? T/F
True
Insurance that covers damage to your vehicle when it is involved in an accident:
What is collision insurance?
A list of planned expenses and income:
What is budgeting?
Money the bank pays you for keeping your money in an account:
What is interest?
Higher prices create lower demand and lower prices create higher demand:
How does affordability affect demand?
______ is the amount of money you have to pay before the insurance company will pay a claim.
Deductible.
A form of financial protection that eases the financial burden people may experience as a result of illness or injury:
What is health insurance?
The original amount of money that you deposited:
What is a principal?
A person who makes $879 a week makes this much per year:
What is $45,708?
The smallest payment you are allowed to make toward the balance due on your statement:
What is the minimum payment?
Missing two payments would increase your credit score. The higher the score the worse. T/F
False
What is a liability?
Your "comfort" zone with the ups and downs of investing:
What is risk tolerance?
This source of pay varies for a car salesman:
What is a commission?
Two factors that may affect spending:
What is income, economy, deductibles/taxes?
Putting half your money into needs, 30% into wants and 20% into savings:
What is the 50/30/20 rule?