ECO 110 UNIT 3 CHALLENGES AND MILESTONE QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES VERIFIED ANSWERS ALREADY GRADED A+

Leah uses online spreadsheets and investment portfolio management tools to keep track of her different investments in various financial products. Which skill does Leah use in the given scenario?  a.) The technology skill  b.) The agility skill  c.) The problem-solving skill  d.) The productivity skill Which of the following loan options provides better protection to consumers and costs less in terms of interest?  a.) A payday loan  b.) A title loan  c.) A loan from banks  d.) A loan from pawn shops Daniel urgently requires $500 because of a sudden leakage in the roof of his house. Which of the following would be a productive financial decision for Daniel?  a.) Daniel should get a payday loan to pay the repair bill.  b.) Daniel should get a line of credit to pay the repair bill.  c.) Daniel should declare his home as collateral and get a title loan to pay the repair bill.  d.) Daniel should get an installment loan to pay the repair bill Which of the following is a feature of a direct unsubsidized loan?  a.) The interest accrued on the loan amount is added to the loan balance until the student can begin the repayment of the loan.