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WorksheetsPersonal Finance Unit 4 Review w/Hamilton
Total questions: 21
Worksheet time: 9mins
Which of these is an example of 'cost of ownership' of a car?
Lawn Mower
Dish Soap
Oil Changes
Detergent
If I put a hole in the wall of a rental property, my landlord will use my _______ _______ to pay for the repairs.
(a)
What are 3 ways to get insurance? Choose all that apply
Friend
Individual
Government
Pet
Employer
Describe how fixed-rate mortgage insurance works...
The person who rents a property from a landlord is called a
Renter
Owner
Landlord
Tenant
The money you pay upfront for your insurance policy/the money you pay monthly for that policy
Property
Premium
Silver
Platinum
_________ is a loan for the purchase of real estate that uses the property as collateral.
Cosigned
Personal Line of Credit
Mortgage
Renting
I put this down upfront in order to obtain a house when I take out a mortgage.
Security Deposit
Down Payment
Premium
Deductible
Renting a car long term while the ownership title remains with the dealership
Financing
Owning
Buying
Leasing
Private Mortgage Insurance (PMI) DOESN'T protect the lender if you are unable to make your mortgage payment
True
False
If I owe more money on my car than it is worth, I am _______ _____ on my loan.
Downside Up
Diagonal
Upside Down
Sideways
What is the money a policyholder pays before the insurance company will cover the remaining cost?
Down Payment
Deductible
Security Deposit
Premium
The ___________ own the insurance policy.
Policy lender
Policyholder
Insurance keeper
Insurance company
This type of insurance covers the other person's car if you've been in an accident
Liability Insurance
Disability Insurance
Health Insurance
Long Term Care
This type of loan exceeds the federal max limits
Conventional
Jumbo
Government-insured
Cosigned
This type of loan guarantees more than one person making payment
Cosigned
Conventional
Personal Line of Credit
Jumbo
The person named in the policy that receives payment when an insured person dies.
Dependent
Beneficiary
Policyholder
Insurance Company
This type of loan is not insured by the federal government and stays below the federal max limits
Jumbo
Personal Line of Credit
Conventional
If you need full-time medical care IN YOUR HOME
Long term care
Disability Insurance
Health Insurance
Liability Insurance
If you are unable to work and need help covering your expenses you would use what type of insurance?
Liability insurance
Disability insurance
Health insurance
Long term care
Revolving line of credit where you use what you want and then repay it. EX: credit card
Personal Line of Credit
Mortgage
Jumbo
Conventional
