Economics and Personal Finance

Front

Which type of account has very high liquidity (easy to access), low or no interest, and low minimum balance? Options: Money Market Account, Investment Retirement Account (IRA), Checking Account, Certificate of Deposit

Back

Checking Account

Front

Which of the following is the most important to consider when planning a budget? A budget for unexpected expenses before expected expenses, Budget for fixed expenses Before flexible expenses, Budget for needs before wants, Budget for unexpected events before expected expenses

Back

Budget for needs before wants

Front

an unexpected event or circumstance without deliberate intent.

Back

Accident

Front

Money charged for the insurance coverage reflecting expectation of loss.

Back

Premium

Front

liability coverage for contents within a renter's residence. Coverage does not include the structure but does include any affixed items provided or changed by the renter.

Back

Renters Insurance

Front

life insurance payable only if death of insured occurs within a specified time, such as 5 or 10 years, or before a specified age.

Back

Term Insurance

Front

The benefits of renting include less initial capital outlay, increased mobility, fewer maintenance expenses.

Back

all the above

Front

The benefits of buying a home include: possibility of building equity, right to deduct interest on Federal Income Tax, opportunity to personalize to own taste.

Back

All the above

Front

What are some expenses related to utilities? installation, deposits, monthly payments for service

Back

all the above

Front

Your capacity to borrow, or the maximum amount of money you can borrow.

Back

Credit