Credit
Will a Late Payment increase or decrease your Credit Score?
Decrease
What Insurance has two types; Term and Whole?
Life Insurance
Name three sources of income:
Wages, Rentals, Interest, Capital, Profits, Investments, Entrepreneurship
What happens to the value of money over time?
It decreases.
What is a newborn Kangaroo about the size of?
A Lima Bean!
What organization regulates Credits?
The NCUA
What Insurance can you lower your interest on by getting classes?
Auto Insurance
What is Liquidity?
How easily something can be made into money (not literally)
What is the Rule of 72?
How long it takes for an investment to double. (72/interest rate)
How many muscles do cats have in each ear?
32 muscles!
What is the Credit Score Range?
300 to 850
What Coverage of auto insurance covers when you are not responsible for an accident?
Collision
What are Money Orders?
A payment order for a pre-specified amount of money; its used like a check
Name two institutions that give loans:
Banks, Credit Unions, Pawnshops, Finance Companies, Payday Lenders, Tax Refund Lenders, Finance Companies
What is the only type of bird that can fly backwards?
Hummingbirds!
Under the Credit CARD Act of 2009, how many days ahead of time must your credit card need to give before they can increase your rates?
45 days
What is a Risk Pool?
Its when Auto Insurances share the risk of someone with a high tendency to cause accidents.
What is the Role of the Treasury Department?
Collects taxes, prints money, issues treasury bonds
Interest added to the original Interest. Interest earned on Interest.
How high can Fleas jump?
350 times its body length!
Which age group has the lowest credit score range?
30 - 39
What Auto Insurance Coverage is required by law?
Who is hurt the most during inflation?
People living on a fixed income
What is Overdraft Protection?
Something that keeps your checking account from overdrafts. Like a loan that is paid back.
What colour is Polar Bear skin?
Black. :)