Personal Finance

5. A retirement investment option- taxed when you collect money
13. strategy of investing in multiple investments
14. money paid by the bank for the use of your money, of paid by you for the use of bank money
16. Type of Insurance that pays if you get hurt and can't work
18. tax deferred retirement account if you work for a non-profit
20. the more you make, the more you pay
21. also known as Social Security tax (payroll tax that supports a minimum living allowance in retirement)
22. your ABILITY to pay back loans
23. A lender provides cash advances at a high cost to customers who provide a check dated for some time in the future.
24. Interest earned only on the original amount or principal.
26. Regular payments paid to an insurance company in return for coverage.
27. A contract between an individual and a financial institution that specifies the time that the individual will leave a certain amount of money deposited in the account and the interest rate earned.
28. represent ownership in a corporation, can be very risky

1. insurance price depends on amount of ______________
2. Relationship between inputs and outputs
3. Only offers mortgage loans
4. Sells shares to investors in order to collect a pool of money that is then used to buy various investments.
6. Investing in this leads to higher wages
7. non-profit, offers better savings and loans rates
8. the amount that the individual must pay before the insurance company pays its share
9. FI must CHARGE more interest on the loans they make than the interest PAID on deposits
10. Hurts lower income people most
11. Type of tax where people pay the same percentage of income
12. represents a loan from the holder to the issuer, type of investment
15. Type of insurance that pays for death-related costs
16. with investment, as risk decreases, return _________________
17. A major federal insurer that provides deposit insurance on the first $250
19. Interest earned on interest added to an account.
24. example of regressive tax
25. Score Created by credit bureaus to assess an individual’s creditworthiness