Payday loans - Study guides, Class notes & Summaries

What is liquidity? a. Refers to the state of water b. Money invested as a down payment c. How quickly you can convert an asset to cash - answer--c. How quickly you can convert an asset to cash aWhich of the following institutions give loans? Pawn Shop Credit Union Payday Lender Bank - answer--All aTrue or False: If you want to have the most money possible for retirement, it is better to start saving when you're about fifteen years away from retirement, rather than when you're youn...

BTEC FINANCE Level 3 - Unit 3 – Finance Latest Exam Graded A+. what are the advantages of travel insurance? - ANSWER good for emergencies (can get booking costs back if your flights are cancelled), if you contract a disease your travel insurance will cover treatment costs that your medical insurance might not, may policies provide coverage for lost, stolen or damaged luggage what are the advantages of pet insurance? - ANSWER can cover unexpected vet bills, provides peace of mind, can save...

Sources of income: - wages, rentals, interest, capital, profits, investments, entrepreneurship • Exemption (aka an allowance) and how does it work: allowance is used to reduce amount of taxed income Liquidity—what does it mean; what products are liquid - the degree of ease in which assets can be sold Gift cards and how they work (a monthly inactivity fee may begin after 12 months) - closed loop system and open loop system Discretionary income or budget surplus: - not allocated fo...

BTEC FINANCE Level 3 - Unit 3 Finance Exam Questions and Answers (Graded A+) what are the advantages of travel insurance? - ANSWER good for emergencies (can get booking costs back if your flights are cancelled), if you contract a disease your travel insurance will cover treatment costs that your medical insurance might not, may policies provide coverage for lost, stolen or damaged luggage what are the advantages of pet insurance? - ANSWER can cover unexpected vet bills, provides peace of mi...

What are the sources of income? - wages, rentals, interest, capital, profits, investments, entrepreneurship What is exemption (allowance) and how does it work? - allowance is used to reduce amount of taxed income What are Gift Cards and how do they work? - they are a closed loop system and open loop system What is a money order? - it is a payment order for a pre-specified amount of money and is purchased at different types of stores -- it is used as a check. Why does the U.S. currenc...

401(k) Plans - plans that allow employees to make tax-favored pay deferrals toward retirement savings through a payroll deduction plan Actively Managed Funds - funds that are managed by professional investors who constantly "buy low" and "sell high" Alternative Financial System - payday loans, pawn shops, check cashers, etc. Auto Insurance - protects against losses to property and injuries to people in a car accident. Auto Insurance Split Limits - a provision of an insurance policy tha...

LUOA Personal Finance Module 3 Questions with Correct Answers What is a credit score? - Answer-a "snapshot" of a person's credit worthiness at one point in time What company is the leading source for most lenders researching credit information on a person applying for a loan or some type of credit? - Answer-The Fair Isaac Corporation What is the credit utilization ratio? - Answer-it is a ratio of the amount of debt you owe to the amount of debt you have been approved for What thre...

Economics Unit Exams 1-5 Primavera Questions and Answers (2023/2024) with Certified Solutions NB: Answers appear at the bottom of the choices and are highlighted in yellow. Read the sentence. You own a greeting card startup business with a limited advertising budget. Which form of advertising offers the greatest benefit at the lowest cost? online, because it reaches the widest consumer base and is cost-effective television, because it reaches the widest consumer base once production costs are ...

Updated FiCEP Test - Questions and Answer, Summer 2024 Money avoidance is the idea that money is evil or ______________ Undeserved The idea that money is the way to solve all a member's problems is money ______________ Worship Money ____________ is the member's belief that wealth is tied to self-worth. Money is seen as a member's way to one-up others. Status Money vigilance is a member's perceived need for ___________ about their financial matters. Secrecy The ideal spending cycle a member...

Banking Wise Practice Test Exam Questions with 100% Correct Answers 2024 If a person makes a deposit of $10,000 or more into a bank account, the bank must notify the US Treasury Department- In order to track large deposits, the federal government requires that deposits of $10,000 or more be reported to the Treasury Department. Some concerns may be that a person might be trying to avoid paying taxes on game winnings or perhaps illegal gains The National Credit Union Administration (NCUA) i...