A rental agreement is often referred to as:
Ashley plans to do some of her Christmas shopping online. What is a safety tip to follow when she is
shopping online?
Tiffany was recently involved in a vehicle accident. In order to get her car fixed, her insurance
company is requiring her to pay the first $500 of the repair bill because:
James received his first medical bill of the year. It was a total of $1000. His health insurance policy
has a $500 deductible and a 20% co-insurance. How much of the medical bill will Jade be
responsible to pay?
Melissa needs to get a vehicle and is considering leasing one. This means:
Alyssa is considering purchasing a car and wants to be sure she can afford to drive it during the
school year when she doesn't have a job. Which expense WOULD NOT be considered part of the
total transportation expenses:
If a person drives an automobile, they are required by law to have Automobile Liability insurance.
In which situation would this type of policy protect the policyholder?
Eric has chosen Amanda to be the beneficiary of his life insurance policy. What does this mean for
Amanda?
Chad has decided to rent an apartment and is gathering information to be sure he has enough money
saved for all the expenses when he moves in. His landlord explained to him that he would need to
pay a fee to cover any potential damages that might occur while Chad is living in the apartment.
This fee is called the:
When Bryce attempted to borrow money at the bank, he learned that his credit score is low. Which
statement best describes what this is likely to mean for Bryce?
Rent is defined as:
Insurance can be purchased to protect one from which of the following losses?
When making food decisions, which of the following is most likely to be least expensive?
Becky no longer wants to use her Clothes‐R‐Us store credit card. What is the best thing she could do
with the credit card?
How much of your net income (after tax income) should you put away for savings?
Which of the following is an act of identity theft?
When may a person view his/her credit report for free?
Evan is writing a scholarship essay about the importance of responsible money management. He
wants to explain the meaning of borrowing. Which statement below would explain the importance of
understanding the process of borrowing money?
Maggie will need to pay $120 per month in order to purchase a health insurance policy. This
monthly payment is known as the:
The equity that you build by making mortgage payments is:
Charles has $10,000 worth of property damage insurance and a $1,000 deductible collision
insurance policy. He had a tire blowout while driving and crashed into a $1,400 fire hydrant. The
crash caused $1,600 in damages to his car.
Which insurance covers the fire hydrant?
Charles has $10,000 worth of property damage insurance and a $1,000 deductible collision
insurance policy. He had a tire blowout while driving and crashed into a $1,400 fire hydrant. The
crash caused $1,600 in damages to his car.
Which insurance covers the damage to Charles car?
Charles has $10,000 worth of property damage insurance and a $1,000 deductible collision
insurance policy. He had a tire blowout while driving and crashed into a $1,400 fire hydrant. The
crash caused $1,600 in damages to his car.
Explain how much will the insurance company pay? Explain how much will Charles pay?
A new car sells for $27,300. It exponentially depreciates at a rate of 6.1%. How much is the car worth after 3 years? Round your answer to the nearest hundreth.
Use the depreciation formula: