Review Game Zone
Games
Test
Preview
Back
Match it!
Match it! Select the correct answer from the pull down...Good luck!
Why should you avoid making only the minimum payment on your credit card?
You earn interest on the original investment, then you earn interest on that amount + the interest you earn
Transfer risk and protect yourself from unforeseen events
When the interest rate only applies to the principal (original) balance or amount.
The amount of your own money you have to pay for health expenses before your insurance starts to pay
You will accrue interest debt on the money you are not paying back, which will compound over time
The amount you pay to have health insurance every month.
You will owe the balance plus interest, and your available balance will be less that amount
Compound interest gets applied to the original balance plus all accumulated interest.
The purpose of insurance is to ______
You earn interest on the original investment, then you earn interest on that amount + the interest you earn
Transfer risk and protect yourself from unforeseen events
When the interest rate only applies to the principal (original) balance or amount.
The amount of your own money you have to pay for health expenses before your insurance starts to pay
You will accrue interest debt on the money you are not paying back, which will compound over time
The amount you pay to have health insurance every month.
You will owe the balance plus interest, and your available balance will be less that amount
Compound interest gets applied to the original balance plus all accumulated interest.
What is an insurance ‘premium’?
You earn interest on the original investment, then you earn interest on that amount + the interest you earn
Transfer risk and protect yourself from unforeseen events
When the interest rate only applies to the principal (original) balance or amount.
The amount of your own money you have to pay for health expenses before your insurance starts to pay
You will accrue interest debt on the money you are not paying back, which will compound over time
The amount you pay to have health insurance every month.
You will owe the balance plus interest, and your available balance will be less that amount
Compound interest gets applied to the original balance plus all accumulated interest.
What is an insurance ‘deductible’?
You earn interest on the original investment, then you earn interest on that amount + the interest you earn
Transfer risk and protect yourself from unforeseen events
When the interest rate only applies to the principal (original) balance or amount.
The amount of your own money you have to pay for health expenses before your insurance starts to pay
You will accrue interest debt on the money you are not paying back, which will compound over time
The amount you pay to have health insurance every month.
You will owe the balance plus interest, and your available balance will be less that amount
Compound interest gets applied to the original balance plus all accumulated interest.
What is simple interest?
You earn interest on the original investment, then you earn interest on that amount + the interest you earn
Transfer risk and protect yourself from unforeseen events
When the interest rate only applies to the principal (original) balance or amount.
The amount of your own money you have to pay for health expenses before your insurance starts to pay
You will accrue interest debt on the money you are not paying back, which will compound over time
The amount you pay to have health insurance every month.
You will owe the balance plus interest, and your available balance will be less that amount
Compound interest gets applied to the original balance plus all accumulated interest.
How can you use compound interest to build wealth?
You earn interest on the original investment, then you earn interest on that amount + the interest you earn
Transfer risk and protect yourself from unforeseen events
When the interest rate only applies to the principal (original) balance or amount.
The amount of your own money you have to pay for health expenses before your insurance starts to pay
You will accrue interest debt on the money you are not paying back, which will compound over time
The amount you pay to have health insurance every month.
You will owe the balance plus interest, and your available balance will be less that amount
Compound interest gets applied to the original balance plus all accumulated interest.
What is compound interest?
You earn interest on the original investment, then you earn interest on that amount + the interest you earn
Transfer risk and protect yourself from unforeseen events
When the interest rate only applies to the principal (original) balance or amount.
The amount of your own money you have to pay for health expenses before your insurance starts to pay
You will accrue interest debt on the money you are not paying back, which will compound over time
The amount you pay to have health insurance every month.
You will owe the balance plus interest, and your available balance will be less that amount
Compound interest gets applied to the original balance plus all accumulated interest.
What happens if you don’t pay off your credit card balance by the end of the month?
You earn interest on the original investment, then you earn interest on that amount + the interest you earn
Transfer risk and protect yourself from unforeseen events
When the interest rate only applies to the principal (original) balance or amount.
The amount of your own money you have to pay for health expenses before your insurance starts to pay
You will accrue interest debt on the money you are not paying back, which will compound over time
The amount you pay to have health insurance every month.
You will owe the balance plus interest, and your available balance will be less that amount
Compound interest gets applied to the original balance plus all accumulated interest.
Check it!
Match it!
Match it!