Credit | Banking | Insurance | Investments Types | Employment Benefits |
---|---|---|---|---|
the ability to obtain goods or services before payment
What is credit?
|
Credit Union
What type of financial institution do we have at Booker T. Washington High School?
|
Income Tax
What is tax levied directly on personal income?
|
A non-negotiable government bond; cannot be bought and sold once the original purchase is made
What is a savings bond?
|
Employee Benefit Plan
What protects employees and their families from economic hardship brought about by sickness, disability, death or unemployment. It also provides retirement income to employees and their families. And it provides a system of leave or time off from work?
|
Insurance rates, employment options, great buyer protection, and renting
What are three reasons to have a good credit score?
|
Interest
What is the money you earn as a percentage of investments?
|
Auto, Heath,Life, Long Term Care, Disability
What are two types of insurance?
|
Stocks
What are certificates that say you own a portion of a company?
|
Medical and Dental Plans,Disability Benefits, and Life Insurance
What are three types of employee benefits a job may offer?
|
640-679
What's a satisfactory credit score?
|
Bank
What makes nearly 1/3 of total corporate profits?
|
Broker
What is an insurance salesperson that searches the marketplace in the interests of clients not insurance companies?
|
C.D.
What is when your money grows at a higher interest rate but you can't touch it until the term you agreed to runs out?
|
IRA
What is an ____ is a tax-favored savings plan that allows workers to make contributions with pre-tax dollars (where deduction is allowed) and defer taxation on earnings until retirement?
|
To judge how responsible you are and how financially stable you are
What are two reasons why employers check your credit score?
|
Minimum Balance
What do all credit unions require you to maintain in a share account and even a loan?
|
Homeowners Insurance
What is insurance that provides financial protection from disasters?
|
Treasury Bonds
DAILY DOUBLE
What's the type of bond that has the shortest maturities? |
401K or 403B Plans
DAILY DOUBLE
What is a profit-sharing plan adopted by an employer that permits employees to set aside a portion of their compensation through payroll deduction for retirement savings? |
10%
DAILY DOUBLE
What is the percentage of credit cards that make up your credit score? |
Increased growth of money or investments
Name a benefit of compound interest?
|
Fixed & Variable
What are two types of annuities?
|
Money Market Account
What's the type of account that offers a higher interest and have a higher minimum balance requirement?
HINT: You can only withdraw 3-6 times and write up to 3 checks a month |
Social Security
What provides retirement benefits for most persons employed or self-employed for a set period of time (currently 40 quarters; about 10 years)?
|