Question

Consumer math help?

Answer 1

1. what is a financial term that denotes when an asset increases in value.
a. appreciate
-b. growth
c. increase
d. depreciate

2.the correct order for savings is
-a. emergency fund, pay off credit card, and retirement fund
b. pay off card, retirement
c. pay off credit, emergency, retirement
d. retirement, emergency, pay off card

3. Which term is not a savings instrument?
a. checking account
b. savings account
-c. CD
d. treasury bond

4. What is the amount you pay for the purchase of a house that decreases the amount of the loan.
a. closing payment
b. closing cost
c. origination payment
-d. down payment

5. A tendency to avoid putting money into high-risk investments is known as being
a. saver
b. risk-adverse
c. investment-adverse
-d. conscientious saver

6. Which term is the U.S. Treasury most known for using?
a. CDs
b. savings notes
-c. bonds
d. investment notes

7. You ability to borrow money at lower rates improves as
a. you save more
b. you earn more
c. your debt ratio increases
-d. your credit score increases

8. What improves as degree of educational attainment increases
a. median income
b. borrowing rate
c. interest rate
-d. savings ability

9. When paying off credit card debt, it is best to pay off what cards first.
a. high balance, low interest
b. low balance, low interest
c. high balance, high interest
-d. low balance, high interest

10. Which type of debt is often unsecured
a. mortgage
b. auto loan
c. boat loan
-d. credit card

11. income and expenses are found on a ___
a. budget
-b. income statement
c. expense statement
d. income flow statement

12. When your income is more than your expenses you have a ___
a. a deficit
b. excess income
c. a surplus
-d. appreciation

13. If you are given a 4% raise and inflation is 1% you are ___
a. making 4% more
-b. making 3% more
c. making 3% less
d. making 4% less

14. Which is not a part of your budget?
a. fixed expenses
b. gross pay
-c. discretionary expenses
d. realized income

Answer 2

Can someone check my work?