Econ Unit 2 Flashcards

Pregunta	Respuesta
401k LH 1	a tax-deferred, employer sponsored investment plan for employees, contributions will often be “matched”
403 B LH 2	a tax-deferred retirement plan for employees of not-for-profit organizations, such as schools, hospitals, foundations, and cultural institutions.
457 LH 3	a tax-deferred retirement plan available to state and municipal employees which might include firefighters, police, and teachers.
Attorney General's Office LH 4	legal officer who represents a country or a state in legal proceedings and gives legal advice to the government.
Auto Insurance LH 5	gives policyholders who own a car coverage for liability and property damage under specified conditions.
Bait and Switch LH 6	The fraudulent practice of advertising and luring consumers to a store with promised products or services that then appear to be unavailable and replaced with higher priced items
Beneficiary LH 7	person or organization named by a policyholder to receive the death benefit of an insurance policy after the policyholder’s death
Better Business Bureau LH 8	gathers and reports information on business/service reliability and alerts and informs the public of its findings. Consumers can also file complaints with the BBB.
Bonds LH 9	certificate of debt issued by a corporation or government.
Co-Insurance LH 10	a type of insurance in which the insured pays a share of the payment made against a claim.
Common Stock LH 11	stock that has voting rights and receives dividends declared by the company.
Deductible LH 12	amount that is paid toward medical expenses before the insurance company begins to pay.
Federal Trade Commission LH 13	an independent agency of the United States government, with a mission to promote consumer protection and eliminate and prevent monopolies.
Global Economy LH 14	increasing economic connection among government, business, and citizens of the world
Health Savings Account LH 15	tax-advantaged savings account available to people enrolled in qualifying high deductible health plans
Homeowner's insurance LH 16	Required coverage that provides protection for your residence and its associated financial risks, such as damage to personal property and injuries to others.
IRA LH 17	tax-deferred, personal retirement plans
Preferred Stock LH 18	type of stock that pays regular dividends at a set rate.
Liability Risk LH 19	current or future financial obligation.
Money Market Fund LH 20	type of mutual fund that deals only in high interest short-term investments, such as U.S. Treasury securities, certificates of deposit, and commercial paper.
Mutual Fund LH 21	investment created by pooling the money of many people and investing in a collection of several securities.
Personal Risk LH 22	the possibility of losing money due to an unexpected death or inability to work
Physical Assets LH 23	a tangible or material item usually referred to as cash, equipment, inventory and properties owned by a family or business.
Phishing LH 24	sending an electronic message falsely claiming to be a legitimate business for the purpose of gaining personal or financial information
Predatory practices/lending LH 25	When lenders conduct business in ways that are deceptive. They may use several fraudulent, deceptive, or discriminatory methods, to lure the consumer into practice that could lead to financial ruin.

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	Creado por Laura Hale hace casi 4 años