insurance
A person named to receive the benefits from a life insurance policy
What is a beneficiary
A tax collected from one's income
What is income tax?
Three of the four types of banks described in the packet
What are Commercial Banks, Savings Banks, Savings and Loan Banks, Other/Credit Union
What is a credit card?
A plastic card that holds pre-approved credit which can be used for the purchase of items now and payment of them later.
being able to use a computer and other current technology essential.
What is technology skills?
Insurance that provides protection against loss of life for only a specified term, or period of time
What is term insurance
A tax on the value of one's property
What is property tax?
A bank chartered by the national government is called a
What is a National Bank
Why should you not want a credit card?
Credit costs money Its easy to over spend It it ties up future income It can destroy your credit rating
the ability to obtain informaion
What is information skills
A permanent policy for which you pay a specified premium each year for th rest of your life
What is whole life insurance
A tax on commodities (non-necessities) when they are sold to their final consumer
What is a sales tax?
True or False, A bank chartered by a state government has to have the word "State" in its name
False
What are some advantages of using a credit card?
convenient useful for emergencies often required to hold a reservation purchase expensive items possibility of reveiving bonuses, such as frequent flyer miles anc cash rebates
Comprehending main points of what is being read, recognizing letters and words, being able to sound out words, reading fluently and understanding the meaning of words. Students usually first learn the sounds associated with each letter and move on to understand groups of letters and eventually full words.
What are reading skills
The accumulated savings from a whole life insurance policy
What is cash value
A tax imposed on employers based on total payroll
What is a payroll tax?
Another name for a Savings and Loan Association
What is a "thrift" or "thrift institution"
What are the 5 C's of credit?
character capacity capital collateral credit history
organize ideas and communicate messages
What is speaking skills?
Insurance that is usually offered by employers, who pay part or all of the costs of their employees
What is group insurance
A tax both on corporate income and dividends
What is double taxation?
Most Savings Banks loans are used for
What are Home Mortgages
What should you watch out for when having a credit card. (nothing to do with identity theft)
double cyle billing high limit cards late payment fees
the ability to listen when others talk
What is listening skills?