Ramsey Test

A financial institution licensed to receive deposits and provide financial services

• Insurance Agency

• Banks

• Financial Agency

• Financial Initiator

What are 2 reasons that people don't trust banks?

What are the three types of banking options?

• Retail Banks, Corporate Banks, Investment Banks

• Savings Banks, Commercial Banks, Investment Banks

• Retail Banks, Online Banking, Credit Unions

• Community Banks, National Bank, Cooperative Banks

What two types of accounts do banks offer?

• Checking Accounts and Savings Accounts

• Individual Retirement Accounts (IRAs) and Certificate Of Deposit (CD) Accounts

• Money Market Accounts and Joint Accounts

• Student Accounts and Business Accounts

What is a direct deposit?

What is insurance?

What is a policy?

• It's a set of rules that people have to follow while driving. If they are not following a policy they can be fined.

• A term used in finance to describe the process of redistributing wealth within a society through taxation and government spending.

• A numerical value representing the total assets of a company, calculated by subtracting its liabilities from its assets.

• It spells out all the details of what the insurance will and will not cover.

What is a premium.

• is the amount of money you pay for an insurance policy

• A type of fine imposed by the government on individuals who fail to maintain their insurance coverage.

• The maximum coverage limit provided by an insurance policy, beyond which the insured is responsible for all expenses.

• A term used to describe the deductible amount that must be paid by the insured before the insurance company begins to cover expenses.

What is a deductible?

• A deductible is the term used to describe the total amount of coverage provided by an insurance policy.

• A deductible refers to the premium discount offered by the insurance company.

• A deductible is the legal process through which an insurance company investigates a claim.

• the amount you'll have to pay out of pocket before the insurance company will make a payment.

How long can you stay on your parents insurance?

• 24

• 25

• 27

• 26