Spending Unit

Front 1

beck no onger wants to use her clothes r us store credit card. what is the bset thing could do with he credit card

Back 1

close the account by phone or in writing then destroy the card

Front 2

when may a person view his/her credit report for free

Back 2

once a year from each of the three main credit reporting agencies

Front 3

when bryce attempted to borrow money at the bank he learned that his credit score is low witch statement best describes what this is most likely to mean to bryce

Back 3

the interest on his loan will be lower due to his lower credit score

Front 4

witch is not an example of data furnisher

Back 4

credit card company

Front 5

jeny is 10 years ol and has applied for credit for the first time her credit applications was declined because she has no credit history what would you recommend jeny do to being to build a positive credit history

Back 5

jake holds 2 store credit cards a bank credit card a car loan and a mortgage

Front 6

witch of the following is not included in an individual credits report

Back 6

medical information

Front 7

edward wants to develop a positive credit history. how should he do this?

Back 7

maintain reasonable amounts of avaliable credit

Front 8

evan is writing a scholarship essay about the importance of reasonable money management.

Back 8

when you are borrowing you are spending future outcome

Front 9

the finacial counselor that ariel consulted about her use of credit recommend that she keep her use of credit with safe boundaries

Back 9

keep total amount of money she has borrowed not including her house under 20% of her net income

Front 10

david earns $5000 per month at his accounting job he has a student lone payment of $120 a car loan of $300 witch statement is tue

Back 10

david credit payments are within the safe range for someone with his income

Front 11

to answer the essay test question about the meaning of open-end credit ryan should include witch statement

Back 11

credit is extended in advance so the borrower does not have to apply for credit each time credit is desired

Front 12

leah is trying to explain the difference between open-end and close-end credit to her roomate witch statement should she include in her deacripton of closed-end credit

Back 12

equal payments are required on a regular basis until the loan is prepaid

Front 13

sarah will turn 18 next month she plans to apply for a credit card witch statement is true

Back 13

sarah can only obtain a credit card if she has a co-sighner or proof of sufficient income to make the required payments

Front 14

tyler is trying to be responsible in using his new credit and has heard there is a way to avoid paying interest on the things he charges

Back 14

tyler needa to pay the credit card balance in full every month before the due date listed on the credit card statement

Front 15

payin the minimum payment on a credit card every month will:

Back 15

make the final amount paid substantially higher than the amount initally charged to the card

Front 16

megan credit card statement indicates that she is now paying a penalty apr witch scenario best describes what may have happen

Back 16

megan missed makeing her january and february credit card payments while she was participating in her colleges study abroad program

Front 17

witch of the following is an act od identity theft?

Back 17

wronfully acquiring and using someone perosonal identification

Front 18

carson wallet with his drivers licens a debit card and his credit card ahs been stolen.

Back 18

take a college admissions exam in carson name

Front 19

ashley plans to do some of her christmas shopping online what is a safety tip to follow when she is shopping online

Back 19

use a credit card

Front 20

matt wants to guard his personal information witch personal information is least likely to be used by scammers

Back 20

phone numbers

Front 21

charis wants to decrease the risk of fraudulent use of her credit cards

Back 21

signing the back of her card with her signature and please see picture id

Front 22

witch is a general rule when dealing with credit reports to minimize identity theft

Back 22

check each credit reports at least once a year

Front 23

witch of the following actions will not make an individual vulnerable to identity theft?

Back 23

paying cash for a movie ticket

Front 24

witch of the following best describes the benefits of having insurance?

Back 24

insurance combined with emergency savings provides a sense of financial security and peace of mind

Front 25

maggie will need to pay $120 per month in order to purchase a health insurance policy this month payment is known as the:

Back 25

premium

Front 26

insurance can be purchased to protect one from witch of the following issues?

Back 26

health care expenses

Front 27

james received his first medical bill of the year.

Back 27

$600

Front 28

as part of nicholas new job his employers will provide health life and disability unsurance. access to this insurance is provided in addition tho his regular salary this is know as:

Back 28

employee benefits

Front 29

eric has chosen amanda to be the beneficiary of his life insurance policy

Back 29

amanda will receive any proceeds if the eric dies

Front 30

it is recommended that life insurance be purchased when the:

Back 30

individual has dependents

Front 31

patty recently moved into a new apartments with her friend emma who is responsible for purchasing renters insurance

Back 31

patty and emma

Front 32

what is not an example of a durable good

Back 32

food

Front 33

perry would like to purchases a new car what should he consider first in the planned buying process

Back 33

evaluate the opportunity cost and trade offs to purchasing the car

Front 34

sally is researching a new tablet and conducting research using a variety of sources

Back 34

a product review from an independent company

Front 35

why is investing in product research an important part of the planned buying process?

Back 35

research enhances satisfaction

Front 36

paxten is purchasing a new phone online. what is the best tip should he consider to do so safely and maximize his satisfaction

Back 36

review shipping and return policies in advance

Front 37

in witch scenario below should renters insurance be considered

Back 37

zach and leah have rented an apartment in an urban area

Front 38

a rental aggrement is often referred to as:

Back 38

a lease

Front 39

chad has decided to rent an apartment and is gathering information to be sure he has enough money to move in

Back 39

security deposit

Front 40

rent is defined as

Back 40

the cost of using someone else property

Front 41

the equity that you build by making mortgage payment is:

Back 41

the value of the home after the mortgage debt is subtracted

Front 42

allysa is considering purchasing a car and wants to be sure she can afford to drive it during the school year when she dosent have a job

Back 42

depreciation

Front 43

brett borrowed money to purchase a vehicle without making a down payment and now he owes more on the vehicle than it is worth.

Back 43

being upside down on the loan

Front 44

melissa needs to a vehicle and is considering leasing one this means:

Back 44

she would be renting the vehicle by making payments over time although the vehicle title would remain with the lease grantor

Front 45

when making food decisions witch of the following is most likely to be least expensive?

Back 45

convenience foods

Front 46

shelby is working on her spending plan and would like to spend less on her food for 6 months as she saves toward purchasing a more reliable vehicle

Back 46

her personal preferences