| A | B |
|---|
| What is the management of money & financial decisions for a person or family? | Personal Finance |
| What is the gap between limited resources and limitless wants? | Scarcity |
| What is the compromise between what we want and our income? | Trade-off |
| Money received for work or through investments? | Income |
| What is the measure of the economic value of an employee's skills? | human capital |
| What is the loss of potential gain from other alternatives when one alternative is chosen? | Opportunity Cost |
| What is a sum of money demanded by a govt. for its support or services? | Tax |
| What is the most basic type of bank account? | Savings Account |
| What is a bank account from which the customer can w/draw money by writing a check or using a debit card? | Checking Account |
| Depositing money is a ...... | Credit |
| Withdrawing money is a ....... | debit |
| The sum of money kept in a bank account is a..... | Deposite |
| When your employer puts your paycheck directly into your bank account it's..... | direct deposit |
| What pulls money directly from your Checking Account? | Debit Card |
| When there are electronic transfers of money between bank accounts.... | Automated transactions |
| Buying something now, and promising to pay for it later.. | Credit |
| The number ranging from 300-850 that shows a customer's creditworthiness.... | Credit Score |
| Type of loan where the money you send on a card is borrowed from a lender... | Credit Card |
| A tax levied by govt directly on personal income.... | Income Tax |
| What is a tax that an employer withholds and pays on behalf of employees? | Payroll Taxes |
| What is the cost or charge for something you pay every month? | Expenses |
| What is the yearly charge for borrowing money or having a loan? | Annual Percentage Rate (APR) |
| What is the property that a debtor puts up to guarantee repayment of a debt? | Collateral |
| What is the profit you make when you sale any property? | Capital Gains |
| What is the sum of money paid regularly (typically quarterly) to shareholders out of a companies' profits? | Dividends |
| What is a safe investment that is a timed deposit, such as for 24 months? | Certificates of Deposit (CDs) |
| A good strategy on investing is when you should make a wide variety of investments in your plans so you don't loose everything if the company closes? | Diversification |
| When you purchase a piece of ownership in a company it's called buying..... | Stock |
| An investment option where a group manages an investment plan that brings a number of investors to pool their money and use it to invest in stocks or bonds..... | Mutual Fund |
| What is property owned by a person or company that can meet debts? | Assets |
| What is the fixed amount of costs you are responsible for before your insurance coverage starts picking up the bill? | Deductible |
| What is it called when you are held responsible for something, like money or debts? | Liability |
| What protects you against financial loss if you have an auto accident? | Car Insurance |
| What pays for damage to your car? | Property Coverage |
| What pays for your legal responsibility to others in the case of bodily injury or property damage? | Liability Coverage |
| What pays for the cost of treating injuries, rehab, and lost wages or funeral expenses? | Medical Coverage |
| What is coverage that provides for the payment of benefits as a result of sickness or injury? | Health Insurance |
| What are the laws designed to protect consumer rights against damaged, faulty, or dangerous goods & services? | Consumer Protection Laws |
| Which govt agency insures the money we put into a bank? | FDIC |
| Which govt agency regulates the Stock Mkt.? | SEC |
| Which govt agency promotes consumer protection & works against monopolies? | FTC |
