Show:
Insurance
Banking/Savings
Finance
Credit
Budget
100
This type of insurance pays your bills (food, rent, gas, etc.) when you are hurt and you can't work.
What is disability insurance?
100

Which type of account typically accrues little interest? checking or savings account

What is a savings account?

100
A for-profit corporation owned by shareholders that takes deposits and makes loans and offers checking accounts.
What is a bank?
100

This includes all the records of loans you have taken out and paid back over your life.

What is your credit history or report

100

Disposable income is also known as your...

What is net pay or net wages?

200
This type of auto insurance covers the cost to repair your vehicle when you crash.
What is collision?
200
An investment that is a loan to a corporation or a government.
What is a bond?
200

What is it called when you pay principle and interest at the same time on a loan payment. Think the loan payment circle.

What is amortization?

200
This number is used by lenders to determine how much they charge you for interest on loans.
What is your credit score?
200
Expenses that change from month to month (like food, entertainment, or vacation).
What are variable expenses?
300

This type of insurance covers a beneficiary for only a fixed period of time.

What is life insurance?

300
This is an investment that pools money from many people and uses the money to buy many stocks and/or bonds.
What is a mutual fund?
300
The interest rate that you use to compare different loans with different characteristics.
What is annual percentage rate (APR)?
300

Property that is used by a lender to secure a loan (the bank takes the property if you don't repay the loan).

What is collateral?

300
These taxes are taken out of your paycheck by the federal government and used to provide income to elderly people.
What is Social Security?
400
This is the name of the money you pay every month to have an insurance policy.
What is a premium?
400

A fee you are charged when consumers max out the limit in their checking account 

What is a overdraft fee?

400
A type of interest that grows not only on the principal but also on all accumulated interest over time.
What is compound interest?
400
This type of loan has no interest if paid back after a month. If you're stupid enough not to pay it back in a month, you pay compound interest compounded monthly.
What is a credit card loan?
400
These taxes are taken out of your paycheck and used to pay for elderly people's health care.
What is Medicare?
500

This is the money you pay out of pocket before insurance kicks in 

What is a deductible?

500

Name 3 ways banks make their money. 

customer service fees, earn profits from investing, & interest on loans. 

500

Money that is left over after taxes and necessities. 

What is the discretionary income?

500
Name the three national credit bureaus 

Equifax, Experian, and TransUnion.

500

Lacks a checking and or savings account with a financial institution. It is considered a non brick &  mortar institution.  

What is unbanked?