BUS_2204_Personal_Finance_ gradedquiz

BUS 2204 Personal Finance – Graded Quiz 6
Marks 20.00/20.00

Grade 100.00 out of 100.00

Question 1
Correct
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Question text
If you buy a $200,000 home with 10% down payment, what will be your mortgage?
Select one:
a. $200,000
b. $180,000


c. $160,000
d. $140,000
e. $110,000
Feedback
The correct answer is: $180,000
Question 2
Correct
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Question text
The purpose of disability insurance is to __________.
Select one:
a. provide income if you become disabled.


b. pay partial benefits if you can’t do your job.
c. pay compensation for loss of limb.
d. replace Social Security benefits.
e. supplement state workers’ compensation.
Feedback
The correct answer is: provide income if you become disabled.

, Question 3
Correct
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Question text
A budget for short-term goals involving recurring items is called a/an __________.
Select one:
a. operating budget.


b. comprehensive budget.
c. capital budget.
d. a. and b.
e. a., b., and c.
Feedback
The correct answer is: operating budget.
Question 4
Correct
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Question text
Your spending decisions as a consumer are framed by your __________.
Select one:
a. personal tastes.
b. lifestyle choices.
c. priorities in life.
d. a. and b.
e. a., b., and c.


Feedback
The correct answer is: a., b., and c.
Question 5
Correct
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Question text