Credit
Goals for credit
What is the goal that analyzes the significance of credit scores and credit reports?
Plastic/credit cards
What is issued by stores, banks, and businesses?
Automobile Insurance
What is required with a minimum amount in each state?
Diversify
What is the process of not investing all your money in one place?
Sugar Act; Stamp Act; Tea Act
What is involved in taxes that were placed on the colonies?
Installment Credit
What is used when buying expensive items and fixed monthly payments?
Secured cards
What uses a security deposit and contains a limit?
Bodily Injury Liability
What is paying for medical expenses, lost wages, and legal fees?
Traditional IRA
What is made pre-tax? meaning no tax is paid until it is withdrawn.
Direct Taxes
What is being paid straight to the government?
Credit for History
What ranges from scores of 300-500 and determine how credit-worthy a person is?
Unsecured card
What does not have to be backed by a deposit?
Property Damage Liability
What is paying for vehicle or property damage which one is at fault or liable for?
ROTH IRA
What is made post-tax and grows in the account tax-free?
Indirect Taxes
What is being collected when a person pays for a good or service?
Annual Percentage Rate
What is the rate that should be used when comparing one credit card to another?
Compound Interest
What is interest that would be charged on top of interest from the previous months?
Comprehensive coverage
What is paying for losses to your car in a non-collision situation?
Level of Risk
What is associated with Aggressive, Moderate, and Conservative factors?
Gross Income
What is based on how much one makes overall a year?
The Periodic Interest
What is determined with a 20% APR by dividing the APR by 12?
Interest
What is applied if the entire balance on a credit card is not paid in time?
Medical Coverage
What is paying for the medical expenses of the driver and passenger regardless of fault?
Mutual Funds
What is collected from many investors and requires a minimum amount to invest?
Proportional Tax (flat tax)
What is the tax rate that is the same for all income levels?