Entrepreneurship Answers
Sal and Jen went to the store together, and each bought the same car stereo.Sal used a card to make the purchase, and the full amount was immediately withdrawn from his bank account.Jen used a card to make the purchase, and she received a bill within 15 days of the purchase. She paid $21.30 for the next 18 months until the bill was paid in full. The full payment included $58.60 in interest.Which statement describes Sal’s purchase?
Kendrick is planning to buy a house. Which explains why he should establish a positive credit history before buying the house?
Irma has $500 to open a checking account. She wants an account with the lowest fees. She plans to use only her bank’s ATM to deposit her paychecks and withdraw cash. Bank Account Terms and ConditionsWhich checking account would be best for Irma?
Xavier buys a computer for $525, which includes taxes. He pays for the computer over a 12-month period by paying $48.13 per month. Which statement about Xavier’s purchase is most likely true?
Karen has $800 to open a checking account. She wants an account with the lowest fees. She only writes about five checks per month and her employer has direct deposit. She does not plan on using the ATM or online banking. Bank Account Terms and ConditionsWhich checking account would be best for Karen?
A lender is assessing customers for loans. The credit scores of four customers are below.IdaCorrineBruceRoland820550390610Which person will the lender assess as having the lowest risk?
If someone buys a home for $200,000 and makes a 20 percent down payment, that person will have to
Martin puts his weekly paycheck into his checking account. In which column should he write the value of his paycheck?
The graph shows the average price of homes in the United States from 2009 to 2014.
Which bank does not charge at all for using the ATM? Bank Account Terms and Conditions
good credita bank accounttax returns
Ming made a car insurance payment of $122.50. He’ll use the check register to record his transaction. What will be his new balance?$
Devonte is balancing his checking account. His account statement does not include a deposit of $107.00 that he made on November 1st. What is Devonte’s actual account balance?
Jana has $100 to open a checking account. She can maintain a monthly balance of $300. She also has a savings account at the same bank. She plans to use online bill paying and write fewer than 10 checks per month. She currently uses her bank’s ATM several times per month. Jana does not overdraw her account. Bank Account Terms and ConditionsJana wants an account with the lowest fees. Which checking account would be best for Jana?
Lois bought clothing at a store. She did not have enough in her bank account to pay for the purchase. After receiving the bill and paying off the balance, she realized that she paid $9.69 in interest. Which statement is true about her method of payment?
The chart shows the costs associated with the purchase of a new home.
Homeowners typically pay property taxes to
What impact might an economic downturn have on a borrower’s fixed-rate mortgage?
Paul wrote a check to the dentist for $345.69. He’ll use the check register to record his transaction. What will be his new balance?
Selma deposited a paycheck for $378.42. She’ll use the check register to record her transaction. What will be her new balance?
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