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I have the answer, now… Tell me the Question. LifeSmarts: Finance. Financial Institutions: 1 point . This corporation insures your bank account. What is the Federal Deposit Insurance Corporation, FDIC?. Financial Institutions: 2 points. This financial institution is - PowerPoint PPT Presentation
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I have the answer, now…
Tell me the Question
LifeSmarts: Finance
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Financial Institutions Credit Insurance Working My Money
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Financial Institutions: 1 point
This corporation insures your bank account
What is the Federal Deposit Insurance Corporation, FDIC?
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Financial Institutions: 2 points
This financial institution is non-profit and member owned
What is a credit union?
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Financial Institutions: 3 points
These individuals own most commercial banks
What are stockholders?
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Financial Institutions: 4 points
This financial institution specializes in mortgages and savings deposits
What is a savings and loan or thrift?
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Financial Institutions: 5 points
This bank has no tellers or branches
What is a cyber bank?
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Credit: 1 point
Plastic that allows you to buy items and pay the debt at a later time
What is a credit card?
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Credit: 2 points
The date your credit card payment is due to the creditor
What is a due date?
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Credit: 3 points
Anyone to whom you owe money
What is a creditor?
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Credit: 4 points
A credit card allows you to make charges up to this amount
What is a credit limit?
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Credit: 5 points
After graduation, a Stafford Student Loan allows this six month period before payments begin
What is a grace period?
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Insurance: 1 point
A person who sells insurance policies
Who is an agent, insurance agent?
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Insurance: 2 points
A document that states the terms of your insurance contract
What is a policy?
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Insurance: 3 points
Regular payments you make to own an insurance policy
What are premiums?
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Insurance: 4 points
The first step in filing a claim for a fender bender
What is contacting your insurance agent?
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Insurance: 5 points
You pay the first $500 for car repairs following an accident
What is a deductible?
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Working: 1 point
Overtime pay is required after this many hours of work in a workweek
What are 40 hours?
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Working: 2 points
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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Working: 3 points
Any item deducted from gross pay
What are deductions?
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Working: 4 points
The minimum age to work in most retail establishments
What is 14?
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Working: 5 points
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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My Money: 1 point
Another name for a check card
What is a debit card?
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My Money: 2 points
A person, other than the principal borrower, who signs for a loan and assumes equal liability
What is a cosigner?
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My Money: 3 points
You pay for dry cleaning, groceries, and tennis shoes; only one is a service
What is dry cleaning?
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My Money: 4 points
To avoid ATM fees this is the best strategy
What is using your bank’s ATMs?
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My Money: 5 points
Regular payments that don’t vary in amount
What are fixed expenses?
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Daily Double!
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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Daily Double!
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!