ECO 110

Preethi plans to buy a house within the next 5 years. At present, she has total savings of $60,000. The median house price in her state is nearly $100,000. Which of the following investment options will Preethi most likely benefit from?  Investing $60,000 for 2 years at an interest rate of 13%  Investing $60,000 for 4 years at an interest rate of 12%  Investing $60,000 for 3 years at an interest rate of 10%  Investing $60,000 for 5 years at an interest rate of 10% RATIONAL...

Which of the following statements correctly describes probate?  Probate refers to the execution of a will under court supervision.  Probate refers to the disposal of disclaimed property as per the order of the executor of a will.  Probate refers to the process that involves obtaining a deceased person's taxes from their legal heirs.  Probate refers to the process of hiring an attorney to draft a will for the deceased individual's property. RATIONALE Probate refers to t...

CHALLENGE 1 Sarah has a health insurance policy that has a copayment for each doctor's visit. Which of the following is true for Sarah?  a.) Sarah is responsible for 100% of the expenses associated with each doctor visit.  b.) Sarah isn't responsible for any of the expenses associated with each doctor visit.  c.) Sarah's doctor is responsible for all the expenses associated with each of her visits.  d.) Sarah is responsible for only a portion of the expenses associate...

Which of the following statements correctly describes probate?  Probate refers to the execution of a will under court supervision.  Probate refers to the disposal of disclaimed property as per the order of the executor of a will.  Probate refers to the process that involves obtaining a deceased person's taxes from their legal heirs.  Probate refers to the process of hiring an attorney to draft a will for the deceased individual's property. RATIONALE Probate refers to t...

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 l...

For which of the following people will opening a checking account be the most effective financial option?  a.) Xavi, who wants to obtain sufficient returns to help him pay off his mortgage over the next 10 years  b.) Jacob, who runs a small business and needs to have cash in hand at all times  c.) Renata, who wants to steadily grow her money to achieve long-term goals  d.) Rinaz, who wants to obtain high returns on her investments and has a high risk tolerance

Developing __________ skills allows individuals to use various digital tools to efficiently manage and track their finances.  a.) productivity  b.) agility  c.) technology  d.) problem solving Philip earns $6,500 a month working for the family business. Each month, he pays $4,000 toward credit card payments, a mortgage, and student loan debt. He spends $1,500 monthly on living expenses and saves the remaining amount. What is Philip's savings ratio rounded to the nearest...

Developing __________ skills allows individuals to use various digital tools to efficiently manage and track their finances.  a.) productivity  b.) agility  c.) technology  d.) problem solving Philip earns $6,500 a month working for the family business. Each month, he pays $4,000 toward credit card payments, a mortgage, and student loan debt. He spends $1,500 monthly on living expenses and saves the remaining amount. What is Philip's savings ratio rounded to the nearest...

For which of the following people will opening a checking account be the most effective financial option?  a.) Xavi, who wants to obtain sufficient returns to help him pay off his mortgage over the next 10 years  b.) Jacob, who runs a small business and needs to have cash in hand at all times  c.) Renata, who wants to steadily grow her money to achieve long-term goals  d.) Rinaz, who wants to obtain high returns on her investments and has a high risk tolerance

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 l...