Economics Quiz 3
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| Total cost of a loan, including the principal and total interest. | show 🗑
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| A loan to buy a house. | show 🗑
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| Highest amount of money you can charge at any given time. | show 🗑
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| show | Credit report
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| show | Principle
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| What is the type of credit when a business, company, or the government borrows money? | show 🗑
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| show | Must pay a fee to spend money.
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| show | Character, Capacity, and Capital
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| show | False
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| show | Four year private school
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| show | Stafford Loan
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| Which of the following things would you want in a credit card? | show 🗑
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| Which of the following is NOT an advantage of a credit card? | show 🗑
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| show | True
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| Free credit reports are a good idea and always free. | show 🗑
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| When your debts exceed your assets so much you can no longer pay your bills, The government allows you to file for what in court? | show 🗑
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| show | Buy a new car
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| Goal setting can help you prioritize your budget, especially discretionary spending. | show 🗑
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| show | 3000 x .03 x 4 = $360 + $3,000= $3,360
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| show | 1) Know how to calculate your income x 30% (.3) then subtract from $110,00 2) From answer 1, divide by 12 (months) 3) Take your monthly payment and divide by answer 2, then move your decimal TWO spots to the right for a percentage.
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| Figure out taxes and monthly payments for a car that is $10,000 | show 🗑
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Created by:
akellenberger22
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