(0.5 points) 5. What is a debt settlement program? (0.5 points) Debt settlement programs are programs that claim they can get you out of debt by negotiating your debt to a much lower amount and working out a payment plan with your creditors. 6. What is
What is a money market account? (0.5 points) A depoit account offered from the bank. Lesson 2 (3.0 points) What is investing? (0.5 points) you give money to make money. What is financial risk?
Based upon a balance of $5,270.00, what would be the minimum monthly payment (assuming no other fees are being applied)? Considering the minimum payment you just calculated, determine the amount of interest and the amount that was applied to reduce the principal. Hint: You’ll need to find the total interest for the year first. Consider one of your credit cards. What is the balance?
(TCO D) Liabilities are (Points : 5) any accounts having credit balances after closing entries are made. deferred credits that are recognized and measured in conformity with generally accepted accounting principles. obligations to transfer ownership shares to other entities in the future. obligations arising from past transactions and payable in assets or services in the future. 5.
Introduction: The traditional ways of saving money aren’t enough anymore. Over the past few years more than likely most people’s portfolios took a hard hit, their house lost its value, they may have lost their job, and all the dollars they had tucked away for a rainy day are worth less, or are lost due to the bad economy. For this, you must learn to invest your money wisely. The seven step planning process to investing. 1.
(0.5 points) Insurance that protects your family against the negative financial impact that would be caused by your death 3. Which tax provides federal funding for unemployment insurance? (0.5 points) Federal Unemployment Tax Act (FUTA) 4. What is liability insurance? (0.5 points) Insurance that protects you by helping to cover costs that are caused by events you're responsible for.
What does the human resources department of a company do? (0.5 points) The human resources department handles things like employee hiring, firing, insurance and retirement benefits, payroll, and employee complaints. 3. What is information utility? (0.5 points) Information utility is the value added to a product by providing the consumer with useful information.
(0.5 points) Prepare for my future & help me become more respinsible with money. 2. What is trade? (0.5 points) the exchange of things of value. 3.
(0.5 points) Advertising is when a company pays for messages that are meant to get consumers to notice and want its products. 4. What is a warranty? (0.5 points) A warranty is a specific promise about product performance that is written down in formal documentation and is usually limited to a specific time frame, so it can expire. 5.
(0.5 points) medium of exchange, store of value, and unit of account 5. The real estate market is categorized in which way? (0.5 points) by location, commodity, and consumer 6. What is a country’s GDP? (0.5 points) is the value of the goods and services produced in that country Lesson 2 (3.0 points) 1.