Unit 2 Review

3. a _____________goal is something you want to purchase or do with your money
4. an amount of money on which interest is paid
5. the chance of injury, damage, or economic loss
6. the difference between planned and actual amounts
7. protects you from loss as a result of an injury to another person that you caused
8. a person designated to receive money from a life insurance policy
10. setting aside money to deal with the consequences of loss
12. when ____________ risk a person seeks to find ways to do things that lower the chance of loss
13. a type of account from which money can be withdrawn at any time without prior notice
14. an amount of money you must pay everytime you use a medical service
16. an instruction not to honor a lost or stolen check

1. this kind of coverage protects against damage to your car from things other than car accidents
2. a timed savings account that pays a fix rate of interest
9. a _____________ goal is an amount of money needed to pay for personal goals
11. the price you pay regularly to maintain insurance coverage
15. money added to a checking or savings account