Personal Finance Part 3 Vocabulary Quiz

_______ ___ is a type of tax that governments imposes on income generated by individuals.

• property tax

• sales tax

• income tax

• capital gains tax

A ______ _____ is a number assigned to a person that indicates to lenders their capacity to repay a loan.

• installment credit

• credit score

• income tax

• credit report

______ ___ is tax on the total value of money and property of a person who has died.

• proportional tax

• income tax

• estate tax

• regressive tax

_________ ______ lets you repeatedly borrow against and pay off a credit line without having to apply for a new loan.

• estate tax

• credit score

• progressive tax

• revolving credit

______ ___ is a tax paid to a governing body for the sales of certain goods and services.

• proportional tax

• income tax

• sales tax

• installment credit

________ ___ is a tax levied on the value of real estate owned.

• sales tax

• income tax

• property tax

• regressive tax

A ______ ______ is a statement that has information about your credit activity and current credit situation.

• deductibles

• installment credit

• credit report

• premiums

______ __________ is the extent to which a person or company is considered suitable to receive financial credit, often based on their reliability in paying money back in the past.

• credit worthiness

• revolving credit

• deductible

• capital gains tax

Which is a type of property coverage that protects homeowners from water damage to the structure and/or contents of their property?

• health insurance

• flood insurance

• renters insurance

• life insurance

___________ ______ is when you borrow a fixed sum of money and agree to make monthly payments until the loan is paid off.

• debit card

• credit card

• credit report

• installment credit