Taxes
What tax is America currently using?
What is Progressive Tax?
What's a stock?
An ownership of a company
What is insurance?
combining risks to protect us as a group "risk-pool"
What is a bank?
a financial establishment that invests money deposited by customer
What's a loan?
a thing that is borrowed, especially a sum of money that is expected to be paid back with interest.
What's a luxury tax?
Purchase on expensive jewelry, fur, and jets
Where is the largest stock exchange?
New York Stock Exchange
What's the amount you pay for a visit to the doctor's office?
Co-pay
What's a savings account?
An account that money is stored securely for specific goals or emergency reasons
What's the date when the bond must be repaid in full?
Maturity Date
Your total income before tax
Gross income
What's speculative stocks?
Buy and sell often for a quick profit
What type of damage is it when you lose your property?
Liability Property Damage
Predatory lender
Lending that imposes unfair or abusive loan terms on a borrower
What's per value?
total amount to be repaid to the buyer
What's another way to say SS tax?
FICA
What's the measure of a group of stocks representing an entire market?
Index
This lasts for a specific amount of time
Term
Name 1 good reason to use credit card
1-Student Loan- have specific rates
2-Establishes financial credit history
the 3 C's
Character, Capacity , Capital
What's a sin tax?
Tax on things that are bad for you i.e "Alcohol, tobacco"
Who earns commissions selling stock for and to you?
Stock Broker
What are temporary hotel costs and other expenses when you leave your house because it was damaged?
Additional living expenses
What does APR(annual percentage rate)
Rate of interest charged on the unpaid balance
Amount you pay before the loan
Down Payment