Banking
The amount per account that the Federal government guarantees in the event of bank closures, failures, robberies and more.
What is $250,000?
The time frame where a car begins to lose value.
What is immediately after driving off the dealer lot?
What is a consolidation loan?
One of the 3 parts of any loan.
What is principal / interest rate / loan term? (Only one required)
What is 500?
This type of account pays interest, is less accessible, and requires a withdrawal slip to get money.
What is a savings account?
The term for the loss in value of a vehicle over time.
What is depreciation?
One of the 2 suggested ways to control your monthly costs of living.
What is having a budget OR Cutting unnecessary spending?
This is the highest credit score you can achieve.
What is 850?
This type of market is declining and economy is receding.
What is a BEAR market?
This type of account is easier to access, allows for ATM use, has fewer restrictions, but also pays no interest and charges if you overdraft.
What is a checking account?
The term for how well an auto works on a regular basis.
What is reliability?
One of the 3 things you can NEVER bankrupt.
What are taxes / student loans / child support (name one only)?
What is avalanche method?
The benefit to a company for listing shares of stock publicly.
What is to raise capital to grow the business?
The number of days recommended to set up auto bill pays prior to its' due date.
What is 5 days?
An option when purchasing a vehicle to cover unexpected costs.
What is a warranty?
The term for when a car is taken for non-payment.
What is repossession?
The TWO types of loans that can result in seizure of your property if not paid.
What are mortgages and auto loans? (Must name both)
The TWO ways to make money in the stock market.
What are dividends and "buy low, sell high"?
This is a quick way to fix a negative balance in your checking account before you are charged fees.
What is transfer money from savings?
The average price of a new car in the USA.
What is $48,397 (Will accept $48K or $49K, as well)?
The term for a house being taken by the bank for non-payment.
What is foreclosure?
Method of debt repayment where the lowest balance is the first to be paid.
What is snowball method?
The term for when a company first issues stock on an exchange.
What is an IPO (or Initial Public Offering)?