Survival in the Real World
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Which of the following statements best describes how Americans are being outsmarted by banks and other lenders? | show 🗑
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show | managing your money behavior
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When it comes to managing money, success is about _______% knowledge and _______% behavior. | show 🗑
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show | the savings rate of Americans is low and many borrow money to spend more than they earn
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show | behavior
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show | consumer credit could be possible
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Which of the following is a consequence of overdrawing your checking account? | show 🗑
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show | make overspending more likely
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show | spend less money than he/she makes
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Rent is: | show 🗑
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show | variable
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show | 70
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The zero-based budget is the best method of budgeting because: | show 🗑
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Which statement is true about liquidity? | show 🗑
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A reason that people need to save and invest money is to: | show 🗑
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show | dividend
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show | emergency funds and short termed goals
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show | reduced risk
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show | Roth IRA
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A young investor willing to take moderate risk for above average growth would be most interested in: | show 🗑
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show | 401K
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show | 403B
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A savings account sold by an insurance company, designed to provide payments to the holder at specified intervals, usually after retirement. | show 🗑
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Quality of an asset that permits it to be converted quickly into cash without loss of value; availability of money. | show 🗑
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show | risk-return ratio
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A list of your investments | show 🗑
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Piece of ownership in a company, mutual fund, or other investment | show 🗑
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show | stocks
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show | tax-favored dollars
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show | dividends
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Occurs when money is withdrawn from a bank account and the available balance goes below zero | show 🗑
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show | zero-based budget
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A written cash flow plan | show 🗑
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Expenses that remain the same from month to month | show 🗑
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Money set aside and left alone for “a rainy day.” | show 🗑
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show | sinking fund
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Percentage paid to a lender for the use of borrowed money, or their percentage earned on invested principal. | show 🗑
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Interest paid on interest previously earned | show 🗑
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A person or organization that owns property that is rented to tenants. | show 🗑
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show | lease
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To force a tenant to leave a property usually because he or she failed to comply with the terms of the rental or lease agreement. | show 🗑
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show | tenant
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When it comes to health insurance, copays and deductibles are... | show 🗑
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What would have the most severe effect on your credit score? | show 🗑
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What will most likely cause your credit score to drop the most? | show 🗑
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show | share
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Quality of an asset that permits it to be converted quickly into cash without loss of value; availability of money | show 🗑
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show | a lower premium
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show | theft, fire, vandalism, or other damage not related to an accident
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show | the accident related cost of repairing or replacing your vehicle resulting from a collision with another car or object
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Liability coverage pays for __________________. | show 🗑
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Going to an in-network doctor is a good idea, because... | show 🗑
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show | It brings together many individuals' premiums so that there is money to cover the select few with losses.
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show | 70
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If someone uses your car and causes an accident, what will happen? | show 🗑
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What form do you have to fill out on the first day of your job that tells your employer how much money to withhold from your check for taxes? | show 🗑
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show | both paid out of pocket for health services or treatments
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How long can a person stay on his/her parents health insurance? | show 🗑
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show | It has information about how much money you have made and had withheld from your check for taxes.
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A Target Date Fund will adjust by | show 🗑
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show | Mutual funds are actively managed by a professional while index funds are not.
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show | It's free
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show | Payment history and amounts owed
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What type of auto insurance are you required to carry in almost every state (49 out of 50)? | show 🗑
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Which term refers to an arrangement where you are responsible for paying a percentage of covered medical expenses after your deductible is met? | show 🗑
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What is an insurance premium? | show 🗑
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show | Comprehensive
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Created by:
gcowing
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