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Money Management

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Heber Nader

Lvl 9
โˆ™ 2021-10-14 18:35:26
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Cards in this guide (29)
What does liability insurance cover

The term "Liability" means anything you are libal for. The best way to put it is the liability section of an insurance policy covers other people's bodies and stuff, in the event you harm either of those things.

The medical and car repair bills for anyone else involved in an accident you caused

What is the main purpose of the world trade organization

t

To promote free trade around the world

To promote free trade around the world

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.

Why is a checking account more convenient than a savings account

It's easier to spend the money in a checking account.

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.

How are credit unions different from banks

Credit unions are nonprofit financial institutions.

Technically, you're answer is incorrect. Credit unions are not-for-profit, member owned, financial cooperatives. They are NOT the Salvation Army, the Red Cross, or Goodwill, which are nonprofit organizations. Credit Unions must earn money to cover overhead & operations, provide returns to their members and build capital. Since they are cooperatives, they issue no stock (which banks do to raise capital to expand branchs and offer additional services) and the only way credit unions can build capital is through earnings.

What provides a bank with collateral on a car loan

The car itself

People who lease a car are paying for what

The reduction in the car's value while they're driving it

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.

What pair of words best describes the purpose of using cost benefit analysis

To make decisions that maximize benefits.

Rational and Subjective.

Objective and systematic

pleasure (benefit) and pain (cost)

calculating and coherent

Rational and structured =making a list of costs and benefits

How can the news media help protect consumers

By investigating and exposing bad products and business practices

How has the Internet helped boycotters

It enables boycotters to organize and publicize their activities more easily.

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.

Which of these helps a landlord pay for damage that renters cause to their apartments

Security deposit

Consumers use cost-benefit analysis in order to maximize what

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

The World Bank loans developing countries money in order to do what

The World Bank loans developing countries money in order to improve conditions in the country. It can be used for various purposes, including education, job development, and infrastructure.

What is the purpose of production budget

purpose of production budget

Consumers can use lobbying to accomplish what

To get the government to pass new laws

What is most easily be removed from a budget if spending is higher than income

discretionary spending

Why would you need a credit card if you are not working

you will need a credit card if your not working because you have no money so you use a credit card to borrow money from the bank.The disadvy :(antage of that is that later you have to pay :(

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

a

b

d

c

Does homeowners insurance cover your mortgage if you are laid off

No. This is not what homeowners insurance is for. Homeowners insurance is to pay for physical damage to your home and contents.

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

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.

Banks that are locally owned and operated

Credit union

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