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Financial Literacy
Page 7
Questions (345)
Why is it important to know the tax implications of giving away money or an inheritance?
ramsey classroom
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asked anonymously
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Joyce is in the sixth grade and is unsure if she wants to go to college or not. She knows that it is important, however, to save
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asked by
JavierAsksAQuestion
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which of these is not an example of income
mortgage interest earned salary monetary gifts
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a _____ is when you write a check for a large amount due all at one time
lump sum payment retirement plan payment car payment
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Kshultz32
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You save $3,260.00 in a savings account earning a 3.55% APR compounded monthly. How much is the total interest earned by the end
1 answer
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Jayden opens a savings account with $100.00. His account earns 4% simple interest annually. How much money will be in his
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What are some advantages of using credit cards? Select all that apply.(2 points)Responses little to no interest on money owed
5 answers
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2 of 32 of 3 Items Question How does Chapter 13 bankruptcy differ from Chapter 7 bankruptcy? (1 point) Responses Individuals
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What are some things you’ll have to pay for when living on your own that you don’t have to pay for right now?
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Why is it important to save money? (1 point) Responses If you have money in savings, you won’t be charged interest on your
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29 views
How does the amount of money in your savings account grow over time?(1 point) Responses Banks who are insured through FDIC add
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Which statement is true of a household budget? (1 point)ResponsesEssential expenses should be reduced. Essential expenses should
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dee
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What is the amount of money that a person takes in over a specified period of time? (1 point)
Responses A. budget B. credit C.
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I <3 MY EXXX
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Which statement describes a variable expense? (1 point)
Responses Chrystal pays $120 each month for access to high-speed internet
1 answer
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Kappa
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What do banks and other lenders use to evaluate your ability to repay a loan?(1 point)
Responses bankruptcy credit score debit
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Aaron is saving up the battery bicycle. He is hoping to save more than $500 in the next four weeks so that he might be able to
1 answer
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Which type of credit typically offers payment plans of up to 30 years or more?
a. car loan b. credit card c. home mortgage d.
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asked by
shhh
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Rohan has $100 that he wants to save in a bank.bank one offers two types of saving account. One has a 5% simple interest rate
1 answer
asked by
Marysol
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Which situation BEST describes saving for a long-term goal?%0D%0A%0D%0A(1 point)%0D%0AResponses%0D%0A%0D%0Asaving to start a
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Which description forms the basis for determining one’s financial goals?%0D%0A%0D%0A(1 point)%0D%0AResponses%0D%0A%0D%0Ayour
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Carl is new to financial planning and goal making, but one thing is clear to him: he wants to save a lot more every month. With
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n What is financial literacy?(1 point) Responses the ability to understand how to make sound financial choices so you can
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Which type of credit typically offers payment plans of up to 30 years or more? (1 point)
O car loan credit card home mortgage O
1 answer
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The New Dress
Emilia felt thrilled as she and her mother entered the dress boutique. She had been waiting for this day for a long
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Prince Charming pays a fixed amount of R230 at the beginning of each month for a period of 7 years towards a savings plan that
1 answer
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After attending the Financial Literacy class for UFSS1504, you tell your family about it. Afterwards, your friend asks for
1 answer
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Which of the following reasons is applicable to why excelling academically in university is a form of financial literacy?
Academi
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Which situation BEST describes saving for a mid-term goal?
(1 point) saving for health insurance premium payments saving to
1 answer
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3. Reflect on the knowledge you have gained from the Financial Literacy unit in the UFSS1504 module.
3.1. Name TWO common
1 answer
asked by
Philasande
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3. Reflect on the knowledge you have gained from the Financial Literacy unit in the UFSS1504 module.
3.1. Name TWO common
1 answer
asked anonymously
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In a chart that illustrates compound interest, what element represents the exponential increase
in savings over time? (1 point)
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Stewart has $26 dollars. He spent $12.81, including tax, to buy a new DVD. He needs to set aside $10.00 to pay for his lunch
1 answer
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According to data from Mint . Com, roughly how many Americans reported that they didn't know how much money they'd spent in the
1 answer
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Which of the following are some reasons that good credit is important? (Choose all that apply) Responses You will not be able to
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You have a balance of $500 on a credit card with a monthly interest rate of 2%. You make a payment of $15 when you receive your
3 answers
asked by
I'm that guy
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How many free credit reports can you get each year from each credit bureau?(1 point)
[ ? ] you need a number as the answer
11 answers
asked by
I'm that guy
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Question 42 A) When Burt learned that his creditors routinely report his financial data to the major credit reporting agencies,
3 answers
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After attending the Financial Literacy class for UFSS1504, you tell your family about it. Afterwards, your friend asks for
1 answer
asked anonymously
9 views
What is the benefit of “diversification”?
A. To protect the investor from the risk of a single bad day in the market B. By
1 answer
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Olivia is opening a bank account to learn that there is a special promotion where if she deposes 3,000 and then makes no
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hey i just thought of something funny but then i wonderd.....what would happen if you dont have enough for the bill at a
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asked by
TENDOLLLAR
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French teenagers get jobs to help pay for their own cars.
(2 points) Responses true true false false
1 answer
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Amaterasu
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What type of interest is based on the original amount of money lent out, or the principal? (1 point) Responses
simple interest
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Question
Income and expenses are found on a _____. (1 point) Responses budget budget income statement income statement expense
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What is a smart thing Pedro should do after he graduates?(1 point)Responsesavoid paying back his student loansavoid paying back
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5 views
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