The amount insured individuals pay before the insurance company pays on the loss.
What is a deductible?
100
Goods and services produced in one country and sold to another country.
What are exports?
100
The highest point or phase of the business cycle.
What is a peak?
100
A technique an identity theft uses that involves sending an unsolicited, fake email that appears to be from a legitimate source.
What is phishing?
100
Money awarded by colleges that does not need to be repaid.
What are scholarships?
200
A financial goal that will take less than one year to achieve.
What is a short-term goal?
200
This economic system contains elements of traditional, command, and market economies; the most common economic system.
What is a mixed economy?
200
College financing option that requires students to repay the funds supplied.
What are student loans?
200
A prolonged decrease in economic activity lasting six months or more.
What is a recession?
200
A tax based on an individual's income from all sources, including wages, interest, and tips.
What is income-tax?
300
The market value of all final goods and services produced within a nation in a given time period.
What is gross domestic product (GDP)?
300
According to finance experts, how often should you view your credit report?
Once a Year.
300
A characteristic that makes stocks risky?
Prices fluctuate
300
The form an employee fills out when starting a job that determines how much tax is withheld from the employee's paycheck.
What is a W-4 Form?
300
The form an employer sends to both the employee and the IRS that shows how much the employee earned during the year and how much the employee paid in taxes through withholding.
What is a W-2 Form?
400
The amount of a normal overdraft fee.
What is $35?
400
The act of others looking over an individual's shoulder or listening to his or her conversations in order to obtain personal account information.
What is shoulder surfing?
400
What are the four factors of production?
Land
Labor
Capital
Entrepreneurship
400
The 3 factors of land (a factor of production).
What is water, minerals, and wildlife?
400
This is the easiest and surest way to start setting money aside to save.
What is paying yourself first?
500
The three functions of money.
What is standard of value, medium of exchange, store of value?
500
The Three Cs creditors consider when setting credit scores.
What is character, capacity, and capital?
500
The two main reasons individuals make investments.
1. To minimize their risk
2. To maximize their return
500
The percentage of students who will need some kind of financial aid.
What is 60%?
500
The tracking of changes of moving locations to increase potential job earnings.