Money Management
What is one of the main things when you are making a budget?
What is an Income
Do bear markets profit tend to increase or decrease?
What is the decrease
What is the amount of available credit that is relative to the amount of debt you have?
What is debt to credit ratio
term life insurance covers the whole life
a.true
b.false
b.false; the term life usually covers 10 to 15 years
what does pay yourself first mean?
What term is being described? The degree of ease in which assets can be sold
Liquidity(liquid)
Capital gains or lost from investments
secured/equities
What is the maximum amount of liability if your card is stolen or lost? After reporting it missing/stolen
what is $50
renters insurance is best to protect .....
your furniture,belongings,and incase of a burglary
what occurs if your deposit your CD(cetificate of deposit) before it matures?
you will have a penalty
Who collects taxes and prints money?
What is the US Treasury
What is a financial instrument that gives the owner the right to collect interest payments from the company or organization that borrowed money?
What is a bond
What are three lending credit reporting agencies?
What is Equifax,TransUnion,and Experian
how can you reduce the cost of auto insurace
what is grade,no accidents,good credit,and drive a certain type of car
which institution charges the highest interest rates on loans
pawnshops
What is given up when a choice is made?
What is opportunity cost
a.low
b.medium
c.high
What is C.high
What is the first thing a person should do if they become a victim to identity theft?
What is call and report it immediately to bank/banks.
what is co-pay
co-pay is the amount of money that you pay out of pocket for covered medical services.
Lilly wants to know when her money will double and she has $3,000 in her account at 4% interest. In how many years will her money double?
In 18 years
Who is hurt the least with inflation?
what is wealthy people
What are the earnings that are given to the people who are shareholders?
What are dividends
House,car,and appliances are example of what.
what is collateral
If the higher the premium then the lower the deductible. Then if the premium is lower what is the deductible
higher
why should you reconcile your check book
to see if your purchases matches your charges on your account