Uploaded by Christine Woodford

Tell-me-the-Question-Finance

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LifeSmarts: Finance
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Financial
Institutions
Credit
Insurance
Working
My Money
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This corporation insures
your bank account
What is the Federal
Deposit Insurance
Corporation, FDIC?
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This financial institution is
non-profit and member owned
What is a credit union?
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These individuals own most
commercial banks
What are stockholders?
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This financial institution
specializes in mortgages and
savings deposits
What is a savings and loan or
thrift?
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This bank has no tellers or branches
What is a cyber bank?
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Plastic that allows you
to buy items and pay
the debt at a later time
What is a credit card?
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The date your credit card
payment is due to the
creditor
What is a due date?
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Anyone to whom you owe
money
What is a creditor?
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A credit card allows you to
make charges up to this
amount
What is a credit limit?
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After graduation, a Stafford Student
Loan allows this six month period
before payments begin
What is a grace period?
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A person who sells insurance
policies
Who is an agent,
insurance agent?
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A document that states
the terms of your
insurance contract
What is a policy?
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Regular payments you
make to own an insurance
policy
What are premiums?
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The first step in filing a claim
for a fender bender
What is contacting your
insurance agent?
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You pay the first $500 for car
repairs following an accident
What is a deductible?
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Overtime pay is required
after this many hours of
work in a workweek
What are 40 hours?
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Your earnings include this type
of compensation that is 10
percent of the value of each
sale
What is a commission?
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Any item deducted from gross pay
What are deductions?
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The minimum age to work in
most retail establishments
What is 14?
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Under federal child labor laws,
teenagers may work for any
number of hours, after you reach
this age
What is 16?
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Another name for a check
card
What is a debit card?
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A person, other than the
principal borrower, who signs
for a loan and assumes equal
liability
What is a cosigner?
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You pay for dry cleaning,
groceries, and tennis shoes; only
one is a service
What is dry cleaning?
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To avoid ATM fees this is the best
strategy
What is using your bank’s
ATMs?
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Regular payments that don’t
vary in amount
What are fixed expenses?
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As a team, decide how many of the points you already have you wish to wager.
If you get the question correct, you will earn double the points you wagered.
If you get the question incorrect, you will lose the points you wagered. Good luck!
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As a team, decide how many of the points you already have you wish to wager.
If you get the question correct, you will earn double the points you wagered.
If you get the question incorrect, you will lose the points you wagered. Good luck!
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