Personal Finance Review

Front

What type of insurance covers medical expenses for illnesses and injuries?

Back

Health Insurance

Front

Which card allows you to purchase items now and pay for them later?

Back

Credit Card

Front

What type of interest can significantly increase your wealth over time?

Back

Compound Interest

Front

What card deducts money directly from your bank account for purchases?

Back

Debit Card

Front

What is a financial plan that outlines how to spend and save money?

Back

Budget

Front

What is the term for a legal status of a person or entity that cannot repay debts?

Back

Bankruptcy

Front

What is the difference between a debit card and a credit card?

Back

A debit card uses funds directly from your bank account, while a credit card allows you to borrow money up to a certain limit.

Front

What is the purpose of life insurance?

Back

To provide financial support to beneficiaries after the policyholder's death.

Front

What is the term for the amount of money earned on an investment over time?

Back

Return on Investment (ROI)

Front

What is a savings account?

Back

A bank account that earns interest on the money deposited.