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FIS 200 Appendix B Personal Money Matters
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FIS200 / FIS 200 / Appendix B Personal Money Matters<p align="center"><b><span style="font-family: Arial; font-size: large;">Appendix B</span></b></p><b><span style="color: #003366; font-family: Arial; font-size: large;">Personal Money Matters</span></b><span style="font-family: Arial; font-size: small;">Fill in the table below. In each section, state the recommended potential of the monies per column. Additionally, summarize the pros and cons about each form of monies mentioned. </span><span style="font-family: Arial; font-size: xx-small;"> </span><table border="1" cellspacing="0" cellpadding="0"><tbody><tr><td valign="top" bgcolor="#333399" width="114" height="44"><span style="color: white; font-family: Arial; font-size: xx-small;"> </span></td><td valign="top" bgcolor="#333399" width="114" height="44"><span style="color: white; font-family: Arial; font-size: xx-small;">Cash</span></td><td valign="top" bgcolor="#333399" width="114" height="44"><span style="color: white; font-family: Arial; font-size: xx-small;">Checking Account</span></td><td valign="top" bgcolor="#333399" width="114" height="44"><span style="color: white; font-family: Arial; font-size: xx-small;">Savings Account</span></td><td valign="top" bgcolor="#333399" width="114" height="44"><span style="color: white; font-family: Arial; font-size: xx-small;">Credit Card</span></td><td valign="top" bgcolor="#333399" width="114" height="44"><span style="color: white; font-family: Arial; font-size: xx-small;">Loan</span></td><td valign="top" bgcolor="#333399" width="152" height="44"><span style="color: white; font-family: Arial; font-size: xx-small;">Investments</span></td></tr><tr><td valign="top" bgcolor="#333399" width="114" height="50"><span style="color: white; font-family: Arial; font-size: xx-small;">Groceries</span></td><td valign="top" width="114" height="50"><span style="color: blue; font-family: Arial; font-size: xx-small;">Good source</span><span style="font-size: xx-small;"> – </span><span style="font-family: Arial; font-size: xx-small;">Pro- easy and suitable. </span><span style="font-family: Arial; font-size: xx-small;"> </span><span style="font-family: Arial; font-size: xx-small;">Con- holding cash is a liability because of theft or </span><span style="font-family: Arial; font-size: xx-small;">lost possessions </span><span style="font-family: Arial; font-size: xx-small;"> </span><span style="font-family: Arial; font-size: xx-small;"> </span></td><td valign="top" width="114" height="50"><span style="color: blue; font-family: Arial; font-size: xx-small;">Good source</span><span style="font-size: xx-small;"> – </span><span style="font-family: Arial; font-size: xx-small;">Pro- easy and suitable</span><span style="font-family: Arial; font-size: xx-small;"> </span><span style="font-family: Arial; font-size: xx-small;">Con-losing or having your purse/wallet stolen opens the possibility of check fraud</span></td><td valign="top" width="114" height="50"><span style="color: blue; font-family: Arial; font-size: xx-small;">Possible source</span><span style="font-size: xx-small;"> – </span><span style="font-family: Arial; font-size: xx-small;">Pro- There is no interest involved in paying back money taken from your savings account</span><span style="font-family: Arial; font-size: xx-small;">Con-Making a habit of deducting from your savings will deplete it</span></td><td valign="top" width="114" height="50"><span style="color: blue; font-family: Arial; font-size: xx-small;">Possible source</span><span style="font-size: xx-small;"> – </span><span style="font-family: Arial; font-size: xx-small;">Pro-easy and suitable to use; protection of your funds if lost or stolen.</span><span style="font-family: Arial; font-size: xx-small;">Con-interest rates can sky-rocket if your minimum balance isn’t paid </span></td><td valign="top" width="114" height="50"><span style="color: blue; font-family: Arial; font-size: xx-small;">Not a recommended source</span><span style="font-size: xx-small;"> – </span><span style="font-family: Arial; font-size: xx-small;">Pro-none</span><span style="font-family: Arial; font-size: xx-small;">Con-process would be very extensive; interest rates on groceries would eventually be higher than the groceries themselves </span></td><td valign="top" width="152" height="50"><span style="color: blue; font-family: Arial; font-size: xx-small;">Not a recommended source</span><span style="font-size: xx-small;"> – </span><span style="font-family: Arial; font-size: xx-small;">Pro-none</span><span style="font-family: Arial; font-size: xx-small;">Con-deduction on profits from investment; less money for retirement</span></td></tr></tbody></table> https://www.examtutorials.com/course/fis-200-appendix-b-personal-money-matters/ |
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