Life after HS
Institutions
Taxes
Credit
Insurance
100
Who determines the criteria for a post high school rational decision making model?
What is yourself
100
How are banks like other businesses?
What is banks must be profitable to operate
100
What is a property tax
What is a tax on the real estate that people own.
100
What is credit?
What is refers to borrowing money
100
What does insurance guard against?
What is oneself against life’s risks
200
What does a budget allow people to do?
What is make a plan for the money they earn
200
What is risk?
What is the possibility that you may lose money
200
What is another name for a proportional tax?
What is a flat tax
200
What is APR?
What is the annual rate charged for borrowing funds
200
What is a beneficiary?
What is one who collects the benefits of the insurance
300
What are soft-skills?
What is skills every worker needs
300
What is the most common type of retirement savings?
What is 401k
300
What is a sales tax?
What is a consumption tax levied on people when they make certain kinds of purchases
300
What does a Credit Score tell someone
What is financial trustworthiness.
300
What are the two types of property insurance?
What is Homeowners and Renters
400
What are the three factors that determine a person’s wage?
What is The strength of demand for workers in the market, the number of workers supplying their labor in the market, and the amount of specialized knowledge, skills, training, and licenses are required to do the job
400
What are the four different types of financial institutions?
What is banks, credit unions, payday lenders, and title pawn lenders
400
What are the three categories of taxes?
What is progressive, regressive, and proportional
400
What are the three C’s of Credit?
What is character, capacity, and collateral.
400
What are the five types of insurance?
What is automobile, health, life, disability, and property.
500
What are the six soft skills?
What is work ethic, punctuality, time management, teamwork, communication skills, and good character.
500
What is the difference between a ROTH and traditional IRA?
What is Roth IRAs allow contributors to pay taxes today and withdraw the funds they contributed tax-free in the future. The contributor will still have to pay taxes on any “gaines” they withdraw from their account in retirement. A traditional IRA allows contributors to put money away before taxes are paid.
500
What is gentrification?
What is when high-income property owners replace low-income property owners in an area.
500
What types of interest rate do you want?
What is a fixed interest rate when rates are low is usually desirable
500
What is the relationship between premiums and deductibles?
What is an inverse relationship
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