Questions from Personal Finance


Q: List five examples of tax credits.

List five examples of tax credits.

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Q: Explain why opening a checking account and a money market account are

Explain why opening a checking account and a money market account are appropriate actions for most people, and tell how each will be used.

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Q: Julia Price Thinks About Financial Statements, Tools, and Budgets

Julia Price Thinks About Financial Statements, Tools, and Budgets Julia graduated over six years ago in aeronautical engineering and changed job once. Her income is more than sufficient for her needs....

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Q: Summarize what happens when you write a check.

Summarize what happens when you write a check.

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Q: Distinguish between a money market account and a money market mutual fund

Distinguish between a money market account and a money market mutual fund account.

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Q: Explain the benefits and drawbacks of certificates of deposit.

Explain the benefits and drawbacks of certificates of deposit.

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Q: Distinguish among the continuous debt method, debt-to-income

Distinguish among the continuous debt method, debt-to-income, debt payments-to-disposable income, and debt-to-income methods for setting your debt limit

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Q: What are the borrower’s feelings when he/she has a limit

What are the borrower’s feelings when he/she has a limit of debt of 11 to 14 percent of disposable personal income compared to a debt limit of 15 to 18 percent? (Hint: See Table 6-1....

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Q: Summarize the effects of increasing debt payments from 10 percent to 15

Summarize the effects of increasing debt payments from 10 percent to 15 percent on a budget. (Hint: See the Run the Numbers worksheet.) Worksheet:

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Q: What is the best thought on the list of keeping student loan

What is the best thought on the list of keeping student loan debt under control?

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