ECON FINAL PT 6

Human Capital is:

• The money a business has

• The education/training a worker has

• The buildings a company owns

• Washington D.C

Which loan term would you end up paying the most interest

• 36 months

• 60 months

• 72 months

• 48 months

Managing your finances includes

• Putting all expenses on a credit card

• Tacking your spending on a spreadsheet

• Eating at a restaurant daily

• Cashing your payment

Which of the following will NOT damage your credit score

• Home foreclosure

• Defaulting on a student loan

• Setting up an automatic bill payment

• Not paying a medical bill on time

Money taken out of your paycheck for health insurance, taxes, and social security is called........

• a shakedown

• a withdraw

• a gradtuity

• a withholding

In State of Michigan, auto insurance is

• Cheap

• Recommeneded

• Required

• Not Required

What is considered a want on a budget

• Rent

• Groceries

• HBO Max Subscription

• Car Payment

Which loan term would give you the lowest monthly payment

• 36 months

• 72 months

• 60 month

• 48 months

An itemization of regular income, fixed expenses, and spending is called a ___

• Budget

• Slideshow

• Master Plan

• Investment plan

Which term describes the act of allocating resources with the expectation of generating an income or profit

• Renting

• Investing

• Buying

• Sprauge-ing