BANKING
The 2 types of banking accounts.
What are checking and saving accounts?
A way to balance income, expenses, and financial goals.
What is a budget?
The ability to buy things and pay them off later.
What is credit?
What you do when something of yours has been damaged, and now you have to contact you insurance company.
What is a claim?
The names for when the market is going either up or down in value.
What are bear and bull markets?
A check rejected by a bank for insufficient funds.
What is a bounced check?
The type of budget where you put every dollar of income for a specific expense until you’re left with $0.
What is a Zero-Based-Budget?
An item that can be taken away to pay off a loan.
What is collateral?
The 2 types of health plans.
What are POS and PPO?
What IPO stands for.
What is Initial Public Offering?
What is Money?
Believing you knew something before it happened it happens.
A document with information about a person’s credit activity and history.
What is a credit report?
The minimum payment for auto insurance coverage.
What is $10,000?
A set of assets of diverse background
What is a diversified portfolio?
The one savings account that isn’t FDIC insured.
What is a Money Market Account?
Considering past costs in order to get your money’s worth.
What is sunk cost error?
The 3 credit reporting agencies.
What is Equifax, Experian, and TransUnion?
The age where you can’t be on your parent’s insurance anymore.
What is 26?
A fund with multiple investors buying stock together.
What is a Mutual Fund?
The insurance that protects the money in your bank accounts for up to $250,000.
What is FDIC Insurance?
Pain of loss is twice the joy of gain.
What is loss aversion?
The federal law that regulates how consumer reporting agencies collect, use, and share consumer information.
What is FCRA (Fair Credit Reporting Act)?
The stages of insurance with unique processes.
What are the deductible stage and the coverage stage?
The fund that invests in a bundle of assets exchanges them directly.
What is an ETF?