Strand 3
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| show | Intermediaries between depositors (who lend money to the bank) and borrowers (to whom the bank lends money)
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| show | A not-for-profit financial institution that accepts deposits, make loans, and provides a wide array of other financial services and products
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| balance | show 🗑
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| show | A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer
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| show | The money that a person has left over after they subtract out their consumer spending from their disposable income over a given time period
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| show | The ability of an individual or organization to obtain goods or services before payment, based on an agreement to pay later
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| debit | show 🗑
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| show | Money held in a bank account or with another financial institution that requires a transfer from one party to another.
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| FDIC | show 🗑
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| NCUA | show 🗑
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| show | The amount of money a lender or financial institution receives for lending out money
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| show | A set of rules or concepts that govern how people satisfy their unlimited wants with their limited resources
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| show | Occurs when there isn't enough money in an account to cover a transaction or withdrawal, but the bank allows the transaction anyway
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| show | Spend up to 50% of your after-tax income on needs and obligations that you must-have or must-do. The remaining half should be split up between 20% savings and debt repayment and 30% to everything else that you might want.
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| show | A savings account that holds a fixed amount of money for a fixed period of time, such as six months, one year, or five years, and in exchange, the issuing bank pays interest
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| Compound interest | show 🗑
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| inflation | show 🗑
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| emergency fund | show 🗑
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| recession | show 🗑
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| show | An account set up at a financial institution that allows an individual to save for retirement with tax-free growth or on a tax-deferred basis
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| show | A special individual retirement account (IRA) where you pay taxes on money going into your account, and then all future withdrawals are tax free
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| show | Digital tokens
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| deductible | show 🗑
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| show | A price paid for above and beyond some basic or intrinsic value
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| max out of pocket | show 🗑
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| liability insurance | show 🗑
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| show | A coverage that helps pay to repair or replace your car if it's damaged in an accident with another vehicle or object
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| show | A coverage that helps pay to replace or repair your vehicle if it's stolen or damaged in an incident that's not a collision
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| actuary | show 🗑
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| medicare | show 🗑
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| show | A public health insurance program that provides health care coverage to low-income families and individuals in the United States
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| show | A fixed out-of-pocket amount paid by an insured for covered services.
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| HMO | show 🗑
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| PPO | show 🗑
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| show | A type of savings account that lets you set aside money on a pre-tax basis to pay for qualified medical expenses
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| asset | show 🗑
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| show | A debt security, similar to an IOU
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| show | A security that represents the ownership of a fraction of the issuing corporation
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| Dividend | show 🗑
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| Index Fund | show 🗑
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| mutual fund | show 🗑
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| pension | show 🗑
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| show | A collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents, including closed-end funds and exchange traded funds (ETFs)
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| show | The condition of having stable income or other resources to support a standard of living now and in the foreseeable future
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To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
Baileyd0717
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