Financial Basics
Interest Rates are expressed as a
What is percent?
Income is
What is the money you earn
Saving and investing are the same thing (TRUE or FALSE)
What is false
Renter's and Homeowner's Insurance are the same thing (TRUE or False)
What is false
Debit cards allow you to withdraw money from a
What is ATM
On average, the state of Ohio has a (higher or lower) cost of living when compared to other states
What is lower
Expenses are
The most common place to invest money
What is the stock market
What is the age one can stay on their parent(s)/guardian(s) health insurance till?
A high credit score is considered
What is good
The cost of college is usually HIGHER at a (public or private institution)
What is private institution
You always want your income to exceed your what
What are expenses
The stock market will help you fight what
What is inflation
Life Insurance provides a family with money in the event
What is someone unexpectedly passes away
Debit cards won's allow you to build what
What is credit
Car insurance is required in the state of Ohio
What is true
Making a budget will help you avoid
What is overspending
What is taking a risk assessment
Disability Insurance allows one to receive money even if they are not
What is working
Interest Rates can best be described as "BLANK" for your money
What is rent
The 50/30/20 rule states that 50% of your income goes to needs, 30% goes to wants and 20% goes to
What is saving
There are usually more expenses than there are sources of WHAT in a persons budget
What is income
Mutual funds are best described as a basket of stocks that are
What is similar
Insurance can be summarized in three words
What is choice, chance, and control