Luoa personal finance Study guides, Class notes & Summaries

LUOA Personal Finance Module 2 Questions and Answers Rated A What are the three main types of financial institutions available for helping you manage you finances? banks, credit unions, and thrifts Choose all statements that describe a "bank." -invests in capital markets to make money for the institution as well as its customers -accepts deposits to accounts -regulated by the government -a financial institution -charges fees and interest to pay administrators and stock holders Choose al...

LUOA Personal Finance Module 1 Questions with Correct Answers Tom interviewed several of his neighbors and asked them to fill out an anonymous survey about their jobs. He found out that while one person's salary was $24,000 a year, another person's salary was $98,000. What are some factors that would make such a difference? Choose all that could apply. - Answer--The person who had a lower salary was working part time. -One person owns his own business and the other works at a convenienc...

LUOA Personal Finance Module 1 (2023/2024) Already Passed Tom interviewed several of his neighbors and asked them to fill out an anonymous survey about their jobs. He found out that while one person's salary was $24,000 a year, another person's salary was $98,000. What are some factors that would make such a difference? Choose all that could apply. -The person who had a lower salary was working part time. -One person owns his own business and the other works at a convenience store. -One per...

LUOA Personal Finance Module 2 2023 Exam Questions and Answers What are the three main types of financial institutions available for helping you manage you finances? - Answer-banks, credit unions, and thrifts Choose all statements that describe a "bank." - Answer--invests in capital markets to make money for the institution as well as its customers -accepts deposits to accounts -regulated by the government -a financial institution -charges fees and interest to pay administ...

LUOA Personal Finance Module 3 Questions with Correct Answers What is a credit score? - Answer-a "snapshot" of a person's credit worthiness at one point in time What company is the leading source for most lenders researching credit information on a person applying for a loan or some type of credit? - Answer-The Fair Isaac Corporation What is the credit utilization ratio? - Answer-it is a ratio of the amount of debt you owe to the amount of debt you have been approved for What three...

LUOA Personal Finance Module 2 2023 Exam Questions and Answers What are the three main types of financial institutions available for helping you manage you finances? - Answer-banks, credit unions, and thrifts Choose all statements that describe a "bank." - Answer--invests in capital markets to make money for the institution as well as its customers -accepts deposits to accounts -regulated by the government -a financial institution -charges fees and interest to pay administrators an...

LUOA Personal Finance Module 1 Questions with Correct Answers Tom interviewed several of his neighbors and asked them to fill out an anonymous survey about their jobs. He found out that while one person's salary was $24,000 a year, another person's salary was $98,000. What are some factors that would make such a difference? Choose all that could apply. - Answer--The person who had a lower salary was working part time. -One person owns his own business and the other works at a conveni...

LUOA Personal Finance Module 1 Questions with Correct Answers Tom interviewed several of his neighbors and asked them to fill out an anonymous survey about their jobs. He found out that while one person's salary was $24,000 a year, another person's salary was $98,000. What are some factors that would make such a difference? Choose all that could apply. - Answer--The person who had a lower salary was working part time. -One person owns his own business and the other works at a convenience s...

LUOA Personal Finance Module 1 Questions with Correct Answers Tom interviewed several of his neighbors and asked them to fill out an anonymous survey about their jobs. He found out that while one person's salary was $24,000 a year, another person's salary was $98,000. What are some factors that would make such a difference? Choose all that could apply. - Answer--The person who had a lower salary was working part time. -One person owns his own business and the other works at a convenience s...

LUOA Personal Finance Module 3 Questions with Correct Answers What is a credit score? - Answer-a "snapshot" of a person's credit worthiness at one point in time What company is the leading source for most lenders researching credit information on a person applying for a loan or some type of credit? - Answer-The Fair Isaac Corporation What is the credit utilization ratio? - Answer-it is a ratio of the amount of debt you owe to the amount of debt you have been approved for What thre...