What is a payday loan - Study guides, Class notes & Summaries

BTEC FINANCE Level 3 - Unit 3 – Finance Latest Exam Graded A+. what are the advantages of life insurance? - ANSWER provides permanent protection, flexible, tax benefits, low premiums for new policies 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, stol...

BTEC FINANCE Level 3 - Unit 3 – Finance Latest Exam Graded A+. what are the advantages of life insurance? - ANSWER provides permanent protection, flexible, tax benefits, low premiums for new policies 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, stol...

Which of the following was one way mentioned to build credit without paying interest? correct answers Get a credit card and pay the balance off each month A credit score can be affected correct answers by missing a payment Which of the following consumer debt-to-income ratios is considered a "danger zone?" correct answers 20% Which of the following is a fee charged if a mortgage loan is paid off early? correct answers a prepayment penalty In general, a benefit of using a credit car...

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...

Wise Practice Test Exam Questions With 100% Correct Answers 2024/2025 If a fire happens to someone's house that they own, what type of insurance will pay for the damage most likely? Homeowners insurance If a corporation was sued and lost a major lawsuit, what will happen to the price of their stock? Price of stock will decrease Why is a stock characterized as a "growth" stock? The corporation is expected to increase significantly in revenues and earnings. An example of a lo...

HUD Certification All Answers Correct Which document is most important when working with a client to develop an initial budget as part of a Client Action Plan? Pay stub Retirement plan statement List of assets Current lease Pay stub A client would like purchase a home within one year. The client is motivated to increase household income as a way to save for a down payment and qualify for a loan. Which is the best solution for the client to reach this goal? Find a second job ...

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...

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

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...

UGBA 135 Final Exam Questions and Answers 2023 Complete What is "good debt"? Taking out loans in order to pay off a car, a mortgage or an education or starting a business What is considered "bad debt"? - Borrowing money to support a lifestyle of living beyond one's means What is the definition of a Modern Day Millionaire? - Financially independent, no government assistance, living the life they want to lead What is a credit card? - An unsecured line of credit - based on good fait...