Trade and Finance Quiz

A loan where you agree to pay a fixed amount per month for a specified time

Tax imposed on land and buildings, which is usually collected by local governments

Profits obtained when you sell your stock in a company

The amount money will buy.

Expenses that can be deducted from a person's income and is not subject to income tax

You are charged interest ONLY on the original amount of the loan

Money banks pay for the use of your savings

An increase in wages by the same percentage as the inflation rate

The interest charged on a loan that includes interest on principle and on interest

How well you have manage your bills and credit in the past

A person with a high income or low income pay the same percentage of tax

Money you pay into a business with the expectation, but not guarantee, of future rewards

A not-for-profit financial instiution that is owned and controlled by its members.

A type of life insurance that you can buy only for a limited term or period of time

A request for payment of your losses from your insurance company

Cash banks keep in the event depositors decide to withdraw their savings

An extra sales tax on items such as alcohol nad tobacco, which is collected by the government

The maximum amount the company will pay you for your loss

Taxes that increase as income increases

Money deposits placed securely in a bank or other financial institution

Lending money to a corporation, the federal government, or to a state or local government

The price of one nation's currency in terms of another country's currency

Similar to a bank, but it gets most of its deposits from consumers, rather than businesses

A written agreement between you and the insurance company that explains terms of insurance

The amount of money you must pay monthly, yearly, quarterly for your insurance

If aggregate demand rises faster than producers can supply goods and services

A type of auto insurance that pays for damages to your car or truck (minus a deductible).

Goods or services that a country buys from other nations

A deposit you promise to leave in a bank for a specific amount of time

Pays for any personal injuries or property damage in the event of a car accident

Money banks charge for loans