Insurance
insurance to protect a car owner in the event of an accident or damage to a vehicle
what is auto insurance?
a general tax levied on most consumer purchases
what is sales tax?
supervise the banking system
fix the minimum interest rate
issue bank notes
control money supply
influence exchange rates
acts as a leader of last resort
what is central banks?
Investigation of a person's income, current debts, personal life, and past history of borrowing and repaying debts. Supplies a credit rating afterwards.
what is credit check?
wearing the appropriate clothing for the desired image for the customers and respect for the company
proper work attire
insurance to protect a car owner in the event of an accident or damage to a vehicle
what is a claim?
tax on people's earnings, main source of revenue for the federal government
what is individual income tax?
receive and hold deposits in current and saving advice
lend money
offer investment advice
branches in all major towns
what is commercial bank?
Amount the borrower must pay for the use of someone else's funds.
what is interest?
dependable, completes tasks and meets deadlines
what is reliability?
portion of auto insurance that covers losses due to vehicle damage in an accident
what is collision?
those who benefit from government goods and services should pay in proportion to the amount of benefits they recieve
what is the benefit principle of taxation?
same as merchant bank
but: can only act as intermediaries offering advisory and not offer loans themselves
what is investment bank?
Fee charged once per year for the use of a credit card
what is Annual Fee?
confident and positive in the workplace
what is attitude?
part of homeowner's insurance policy that pays a percentage beyond the insured price of the home for purposes of rebuilding it in the event of a catastrophic loss
what is extended replacement cost?
exceptions or oversights in the tax law that allow some people and businesses to avoid paying taxes
tax loopholes
combine deposit and loan banking with share and bond dealing, investment advice, ect.
what is universal bank?
Equifax, TransUnion, Experian
what is 3 credit reporting agencies?
figuring out steps, equipment needed and an outline of what to do to accomplish the goal
what is planning and organization?
minimal period of incapacitation often used to describe an insurance policy that insures one's income for the immediate future following an incapacitating event
what is short-term disability?
an amount of money you are allowed to subtract from your adjustable gross income
what is Standard Deduction?
banks that are owned by their members to create a pool of money for low-interest loans
what is credit unions?
A firm that investigates the creditworthiness of and assigns a credit rating to a client's customers or potential customers
what is Credit Bureau?
honor work and be on time, turn work in on time
what is punctuality?