insurance
What is coverage?
how much money there is to pay for the cost
who pays taxes
Everyone pays income tax.
CHASE
What is? ...
Able to buy needed items now
Don’t have to carry cash
Creates a record of purchases
More convenient than writing checks
Consolidates bills into one payment
what is advantages of credit
a bubbly outlook at work
What is a premium?
the money you pay to have insurance
what kind of taxes fund medicaid
federal taxes
Savings Bank
Savings Banks mainly concentrates on the mobilization of savings of the people. In India Post offices run by Postal department act as savings banks. Since Commercial banks are providing these facilities of savings banks to the public, the need for separate savings bank is fading.
what is
Interest (higher cost of items)
May require additional fees
Financial difficulties may arise if one loses track of how much has been spent
each month
Increased impulse buying may occur
what is disadvantages of credit
makes things way more easier
What is risk?
the chance of loss from an event that cannot be entirely controlled.
who is fica
The Federal Insurance Contributions Act (FICA) is the federal law that requires you to withhold three separate taxes from the wages you pay your employees.
Industrial Banks
provide long-term loans to the industries. Industries require long-term capital for buying machinery, construction of buildings, expansion of operations, etc.
what are the tree cs
capital, capacity, and character
makes the dreamwork?
Who is a policyholder?
people who have insurance policy
name a type of tax
Commercial banks give different types of loans and advances to the businessmen like
Cash Credits
⦿ Overdrafts
⦿ Loans
⦿ Discounting Bills
true or false
monthly payments shouldn’t exceed 10% of your monthly net income
true
knowing how to act without a boss
What is insurance?
To protect yourself against the risk of larger losses
taxes on a home
property taxes
deposits which are accepted by the commercial banks
⦿ Savings Deposits
⦿ Current Deposits
⦿ Fixed Deposits
⦿ Seasonal Deposits
⦿ Recurring Deposits, etc
true or false
if you cant pay back debts you should have credit
false
being open to new concepts