Credit Cards
If you are responsible with your cards, you will have a good___ ____.
credit score
What two NFL teams have won the most Super Bowl’s?
Steelers and Patriots
What is a mix of different stocks and bonds called?
Mutual Fund
What tax form do you fill out when you are first hired?
W-4
What organization has the abbreviations FED?
Federal Reserve Bank
What is the maximum amount you can charge onto the card called?
Credit limit
When you put money in a savings account, they keep your money and pay you _____ also.
Interest
The more diversified your investments, the less ______ there is.
RISK
Jon is using a tax form to fill out his end of the year taxes and it must be filled out by April 15th, which form is Jon filling out?
1040
What year did the Federal Reserve Act take place?
1913
The amount of time you have without interest is called what?
Grace Period
What is compound interest?
Interest that continues to add on previous balances.
What is your portfolio?
Collection of Investments
If you end up paying more than required by the IRS, you will get a ___ ______.
Tax return
Name one of the three credit bureaus.
Equifax, TransUnion, Experian
What should you do first when credit card fraud occurs?
Call the card company
Which two savings vehicles have higher interest rates than savings accounts
MMA
CD
When you invest your money into a bond, you are considered a bondholder, and as the bondholder you get periodic interest payments called _______.
COUPONS
What is the designated amount of money on which you are not taxed?
Standard Deduction
What act protects consumers against false advertising and other unfair business practices; takes identity theft complaints?
Federal Trade
A co-signer on a credit card agreement is responsible for what?
Making sure the person pays all debt in full
How much out of each paycheck should you set aside for emergencies?
10%
Which type of retirement plan requires paying taxes for money contributed now, but retirement comes out tax-free.
Roth IRA
Selling something for more than you paid for it requires you to pay a_______ _____ tax
Capital gains
What act gives you the right to view your credit report and dispute incorrect information?
Fair Credit Reporting Act