Cards in this guide (23)
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
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.
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
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
What was the reason for support for the republicans
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's one difference between a checking account and a savings account
savings account earns interest.
Banks that are locally owned and operated