Column 1
How do you calculate Net worth
subtracting your liabilities (debts) from your assets
Why is health insurance important
Health insurance provides financial protection in case you have a serious accident or illness.
What does PCP stand for?
Primary Care Provider
What does APR stand for
Annual Percentage Rate
What is the difference between consumption and saving?
consumption is the amount of your savings
savings are available to you next year, so next year you can consume in excess of your income
What does HMO stand for?
Health Maintenance Organization
What's the difference between Credit card and Debit card
Credit cards allow you to borrow money from the card issuer. Debit cards allow you to spend money by drawing on funds you have deposited at the bank.
What is a good type of business to invest in
(answers may vary)
Cleaning business
Storage Facilities
Party and Event Services
Who does shoe ads target
(answers may vary)
Adults
Teens
Older kids (7+)
What does CD stand for
Certificate of Deposit
Why do you have to check your bank statement?
So you can tell if someone stole your card or if you forgot to put something in it.
What is an annual fee?
A fee you have to pay yearly
One thing that helps your credit score go up is:
(answers may vary)
Build Your Credit File
Don't Miss Payments
Catch Up On Past-Due Accounts
What type of health insurance do you get when you are above 65 years of age?
Medicare
What is a credit report?
A credit report is a statement that has information about your credit card activity.