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Devonte Bernier

Lvl 10
โˆ™ 2021-10-14 18:35:05
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Cards in this guide (27)
What is a health insurance deductible

The "deductible" is the dollar amount of health care costs that must be borne by the insured individual before the insurance coverage takes effect. Once the insured patient has paid that dollar amount, further costs will be borne by the insurance carrier.

These out-of-pocket costs may be set on both a per-event and a yearly basis.

What type of policy is a certainty that the insurance company will have to make payment

None.

What kind of insurance provides replacement value for personal possessions

Brand new items to replace the items lost (APE*)

What can you do in addition to cutting all unnecessary expenses to make sure your expenses don't exceed your income

Get another job to increase income.

What is the reason for putting yourself on a budget

People put themselves on a budget to keep their expenses below their income.

Match each of the credit card terms with its definition

Annual percentage rate: The amount of interest paid on unpaid balances;

Grace period: Number of days to run a balance before fees or interest are charged;

Secured card: A credit card with money in a savings account to act as collateral;

Credit report: A listing of a person's financial information and history.

What describes how a fixed-rate mortgage works

The monthly payment on a fixed-rate mortgage never changes.

What is one of the advantages of getting a government-sponsored mortgage instead of a conventional mortgage

Government mortgages charge lower interest rates than conventional mortgages.

What can discretionary funds be used to pay for

Discretionary funds are government spending by passing an appropriations bill to pay for a program such as military spending or education. The money is raised and can only be spent on the program in the bill.

How do flexible expenses differ from fixed expenses

Flexible expenses vary over time.

Which of these makes a student loan different from other types of loans

Students don't have to provide any collateral to get a student loan. On some student loans, payment may be deferred until the student is out of college.

What is the main reason why a boycott might not be successful

Many consumers won't stay away from a company that offers the lowest prices, even if said company is being boycotted.

Consumers use cost-benefit analysis in order to maximize what

Consumers use cost-benefit analysis in order to maximize utility.

What is one of the monetary benefits of attending college

Increased earning potential in the future

Credit unions differ from banks because they dont do what

Seek to make profits

Consumers can use lobbying to accomplish what

To get the government to pass new laws

How were slaves affected by the new republic

Some northern states made slavery against the law.

What are the correct steps to show how a budget is made

a

b

d

c

What was the reason for support for the republicans

we dont knw so dont ask

Where can one find apartments for rent in Utah

One may find an apartment for rent in Salt Lake City, Utah with a 1 bedroom apartment being the smallest and less expensive and a 3 bedroom apartment being the biggest and most expensive.

How do credit card companies use a persons credit report

To determine if that person should be given a loan or credit card

Whats the difference between buying a car with a loan and leasing a car

When you have paid off the loan the car becomes yours.

When leasing a car it never becomes yours.

Match each fee below with the situation where a credit card customer would get charged.

Potential Matches:1 : You use a new credit card to pay off the $2,000 you owe on another credit card.

2 : You use your credit card to take out $200 in cash from an ATM.

3 : You forget to send in your minimum monthly payment one month.

4 : You charge $800 on a credit card that has a $500 spending cap.

Answer : Balance transfer fee

: Cash advance fee

: Late payment fee

: Overlimit fee

What Helps people keep track of the amount of money in the checking account

Checkbook registers (apex)

How can bank afford to pay interest on their customers savings account deposits

The banks loan out the savings deposits at a higher interest than is paid to the savings accounts.

What's one difference between a checking account and a savings account

savings account earns interest.

Banks that are locally owned and operated

Credit union

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