Taxes
Investment
Insurance
Credit Worthiness
Odds and Ends
100
this tax system includes the same percentage of tax for everyone, despite your income
What is a flat tax? (proportional)
100
This is one of the lowest risk investments you can choose. Your money is easily available.
What is a savings account?
100
This is your insurance bill.
What is a premium?
100
This is what banks consider when they look at your bill paying history?
What is character?
100
This is the interest a savings institutions pays you when you invest.
What is interest earned?
200
This type of tax system increases the percentage of taxes paid as the income earned increases.
What is a progressive tax?
200
This is a special type of account that has more limited access and usually has a minimum amount to get started.
What is a money market account?
200
This is what you must pay before the insurance will pay your claim after an accident or hospital visit.
What is a deductible?
200
This is one of three scores your credit worthiness might be assigned.
What is a credit score?
200
This is the interest you pay when you borrow money from a savings institution.
What is interest paid?
300
This type of tax system increases the percentage of taxes paid as income earned decreases.
What is a regressive tax?
300
This is a savings instrument offered by the government. Your money is often "locked in" at an agreed interest rates for years.
What is a US Savings Bond?
300
This is the type of automobile insurance that will only pay to fix damage to other cars if you are in an accident.
What is liability?
300
This is the amount of debt that a person is able to carry and is based on their income and the debt they already owe.
What is capacity?
300
This is interest paid or earned on just the money you invest or borrow.
What is simple interest?
400
This group would be most affected by an increase in a sales tax.
What are lower income groups?
400
This is a savings investment with limited access to your money. You can get to it, but you'll have to pay a penalty if it's too early.
What is a CD? What is a certificat of deposit?
400
This insurance will pay your beneficiaries if you die.
What is life insurance?
400
This is the security a bank has that you will repay your loan.
What is collateral?
400
This is the interest you pay or earn on both the money your borrow or invest AND the interest it accrues.
What is compound interest?
500
Tell me one group that would be negatively affected by inflation. (not low income groups!)
Who are lenders? Who are people living on a fixed income? Who are savers?
500
This type of investment, when you purchase a small part of ownership in a company, has one of the highest risks.
What is stocks? What is the stock market?
500
This insurance will pay your living expenses if your are unable to work due to illness or injury.
What is disability insurance?
500
This is probably the most important thing you can do to improve your credit worthiness.
What is pay your bills on time?
500
As the risk of investments goes up, this happens to the BLANK you can earn.
What is reward? What is return?
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