Checking Account - Offers quick access to you money, but builds little interest., Liability Insurance - Most common type of insurance states require to let you on the road. Meant to protect you in an accident where someone is seriously injured or killed and you were the person at fault., Interest Rate - Part of a loan that is charged as interest, typically expressed as an annual percentage., Balance - a figure representing the difference between credits and debits in an account; the amount of money held in an account., Debit Card - a card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase., Credit Card - a card issued by a bank, business that allows the holder to purchase items on credit., Tuition - a sum of money charged for teaching or instruction by a school, college, or university., FAFSA - The Free Application for Federal Student Aid, known as the FAFSA, is the official form to apply for federal financial aid to pay for college., Comprehensive Insurance - Protects your car against other issues, including theft, fire, weather-related incidents, falling objects, vandalism, and even damage done by animals., Savings Account - a bank account that earns interest over time.,
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Banzai Terms Recap
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12th Grade
Economics
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