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I have the answer, now… Tell me the Question

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

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I have the answer, now… Tell me the Question

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  1. I have the answer, now…Tell me the Question LifeSmarts: Finance

  2. Financial Institutions: 1 point This corporation insures your bank account What is the Federal Deposit Insurance Corporation, FDIC?

  3. Financial Institutions: 2 points This financial institution is non-profit and member owned What is a credit union?

  4. Financial Institutions: 3 points These individuals own most commercial banks What are stockholders?

  5. Financial Institutions: 4 points This financial institution specializes in mortgages and savings deposits What is a savings and loan or thrift?

  6. Financial Institutions: 5 points This bank has no tellers or branches What is a cyber bank?

  7. Credit: 1 point Plastic that allows you to buy items and pay the debt at a later time What is a credit card?

  8. Credit: 2 points The date your credit card payment is due to the creditor What is a due date?

  9. Credit: 3 points Anyone to whom you owe money What is a creditor?

  10. Credit: 4 points A credit card allows you to make charges up to this amount What is a credit limit?

  11. Credit: 5 points After graduation, a Stafford Student Loan allows this six month period before payments begin What is a grace period?

  12. Insurance: 1 point A person who sells insurance policies Who is an agent, insurance agent?

  13. Insurance: 2 points A document that states the terms of your insurance contract What is a policy?

  14. Insurance: 3 points Regular payments you make to own an insurance policy What are premiums?

  15. Insurance: 4 points The first step in filing a claim for a fender bender What is contacting your insurance agent?

  16. Insurance: 5 points You pay the first $500 for car repairs following an accident What is a deductible?

  17. Working: 1 point Overtime pay is required after this many hours of work in a workweek What are 40 hours?

  18. Working: 2 points Your earnings include this type of compensation that is 10 percent of the value of each sale What is a commission?

  19. Working: 3 points Any item deducted from gross pay What are deductions?

  20. Working: 4 points The minimum age to work in most retail establishments What is 14?

  21. Working: 5 points Under federal child labor laws, teenagers may work for any number of hours, after you reach this age What is 16?

  22. My Money: 1 point Another name for a check card What is a debit card?

  23. My Money: 2 points A person, other than the principal borrower, who signs for a loan and assumes equal liability What is a cosigner?

  24. My Money: 3 points You pay for dry cleaning, groceries, and tennis shoes; only one is a service What is dry cleaning?

  25. My Money: 4 points To avoid ATM fees this is the best strategy What is using your bank’s ATMs?

  26. My Money: 5 points Regular payments that don’t vary in amount What are fixed expenses?

  27. 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!

  28. 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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