Insurance
Provides money to pay for health care for illness, injury, or, in some cases, preventive care.
What is Health Insurance?
People who earn less money pay higher taxes than people who make more
What is Regressive Tax?
privately-owned institutions that, generally, accept deposits and make loans
What are banks?
the ability of a customer to obtain goods or services before payment, based on trust from bank
What is credit?
Leadership, communication, thinking, teamwork
What are workplace skills?
Provides payment to replace earnings during times when workers cannot work due to illness or injury.
What is Disability Insurance?
The more money you make the more taxes you pay (example income tax)
What is Progressive Tax?
controls the flow of money in and out of banks by raising or lowering its requirements for bank reserves and by buying and selling federal securities.
What is a Central Bank or FED?
Items and services are paid for in a single payment, within a given time period, after the
purchase.
What is Single-Payment Credit?
When members of a group work together to reach a common goal
What is teamwork?
Provides payments for both liability and property insurance on a vehicle.
What is Automobile Insurance?
Everyone pays the same percent tax regardless of income.
What is Proportional Tax?
generally stock corporations whose principal obligation is to make a profit for their shareholders.
What are commercial banks?
Merchandise and services are paid for in two or more regularly scheduled payments of a set
amount.
What is Installment Credit?
Competencies in reading, writing, mathematics,or science
What are academic skills?
The money you pay to an insurance company to purchase your policy.
What is a Premium?
3 types of taxes
What are Progressive, Regressive and proportional taxes?
any United States operation of a banking organization headquartered outside of the U.S.
What is a foreign bank?
Many items can be bought using this plan as long as the total amount does not go over the credit
user’s assigned dollar limit. Repayment is made at regular time intervals for any amount at or
above the minimum required amount.
What is Revolving Credit?
Using thinking skills to suggest a solution to a problem
What is problem solving?
A contract between the insurance company and the insured (you).
What is a Policy?
Income tax is an example of __________
What is Progressive Tax?
an independent federal government agency which insures deposits in commercial banks and thrifts.
What is the FDIC(Federal Deposit Insurance Corporation)?
record of a borrower's responsible repayment of debts.
What is a credit report?
Work hard, be honest, and stay committed to your work
What is work ethic?