Fcs 340 exam 3 questions - Study guides, Class notes & Summaries

QUESTIONS AND ANSWERS

QUESTIONS AND ANSWERS

FCS 340 Exam 3 Questions with Correct Answers Traditional financial guidelines suggest that your home should cost about times your annual income - ANSWER 20-30% List advantages and disadvantages of renting - ANSWER Advantages: Easy to move, financial benefits, lifestyle flexibility Disadvantages: No tax benefit, limitations on remodeling, restrictions on pets The opportunity to have another person take over rent payments and live in the rental List advantages and dis...

FCS 340 Exam 3 | Actual Exam Questions | 100% Correct Answers | Verified 2024 Version Traditional financial guidelines suggest that your home should cost about __________ times your annual income - 20-30% List advantages and disadvantages of renting - Advantages: Easy to move, financial benefits, lifestyle flexibility Disadvantages: No tax benefit, limitations on remodeling, restrictions on pets The opportunity to have another person take over rent payments and live in the rent...

FCS 340 EXAM Questions and Verified Answers (2024 / 2025)/ A+ GRADE 1. Which of the following is not identified as a purpose of the book? ANS Teach you to accumulate wealth. 2. The authors suggested four answers to the question, "Why should I learn about family finance?" Which is not one of the four reasons? ANS Community - becoming a stronger citizen or member of your community 3. The second important question the authors suggested you ponder was, "What are the profound principles upon w...

Traditional financial guidelines suggest that your home should cost about __________ times your annual income - 20-30% List advantages and disadvantages of renting - Advantages: Easy to move, financial benefits, lifestyle flexibility Disadvantages: No tax benefit, limitations on remodeling, restrictions on pets The opportunity to have another person take over rent payments and live in the rental unit is called __________________________. - Subletting List advantages and disadvantages of b...

FCS 340 Exam Questions with Correct Answers If you lose your debit card and notify your financial institution within two days, how much are you potentially liable for? - ANSWER $50 When you select a financial services provider, what are major factors to consider? - ANSWER -Borrow money if needed. -Min. cost of checking & payment services -Bet return on savings What type of financial services do to the following provide? a. A credit card company- b. An investment company- c. A lif...

FCS-340 Exam 2 Questions with Correct Answers If you lose your debit card and notify your financial institution within two days, how much are you potentially liable for? - ANSWER Anywhere between $50 to $500 When you select a financial services provider, what are major factors to consider? - ANSWER Convenience; Service; Interest rates (borrowing); Fees What type of financial services does a credit card company provide - ANSWER Short-term lending What type of financial services does a i...