Investing
What is a Bull Market
What is a financial market that experiences an extended period of growth above the historical averages.
What is the best credit score someone can have
850
What is a deductible?
A deductible is the amount that the insured has agreed to pay before the insurer is obliged to pay anything on a covered claim.
What are the Institutions that give out loans?
banks, credit unions, pawnshops, finance companies, payday
lenders, tax preparers
What are sources of income?
wages, rentals, interest, capital, profits, investments, entrepreneurship
What are Dividends
Earnings given to the shareholders of a company
What is APR
Annual Percentage Rate: The annual rate of interest
If the deductible is higher how would it affect the premium?
The lower the premium will be
What is a collateral
When you take money out on a loan, and if you do not pay off the loan something like a car could be taken.
Why does the U.S. currency have value?
there is a belief that money has value and therefore is accepted
How do Bonds Work?
What is revolving Credit
a type of open credit agreement that allows consumers to pay all or part of the outstanding balance on a loan or credit card.
What type of insurance covers a person when they are injured or seriously ill and unable to work?
Disability insurance
What is repossession?
taking away property due to failure to repay the debt
Who is hurt the most and the least with inflation
most hurt are lenders (banks) and people living on a fixed income. Least hurt are those who owe large amounts of money.
Why is it important to diversify one's portfolio
Diversifying your stock portfolio is important because it keeps any part of your investment assets from being too heavily weighted toward one company or sector.
What is the worst credit score someone can have?
300
What can affect your price of auto insurance?
Gender, Driving history, car type
What is the rule of 72?
how many years will it take to double an investment? Divide 72 by the interest rate
to be earned
Who prints money?
Make "paper" money
What market contains companies like Apple,Microsoft, and Yahoo
NASDAQ
What are the three credit reporting unions
equifax, transunion, and experian
1. Cover the cost of lost assets
2. Protection against liabilities
3. Defer cost over time
What is the time value of money?
is calculated by value of money with given amount of interest earned over a period of time; the longer the time you keep your money invested, the more interest you will earn.
What does liquidity mean?
the degree of ease in which assets can be
sold