Unit Test — Unit test

Question 1

Terrell has $300 to open a checking account. He plans to use the ATM four times per month at his local branch. He does not overdraft his account. Bank Account Terms and ConditionsWhich checking account would be best for Terrell?

Revolt · Accepted Answer

Account B

Question 2

Enzo’s balance sheet for the month of July is shown. Enzo’s Balance Sheet (July 2013)AssetsLiabilitiescash$600credit card$4,000investments$500student loan$2,500house$120,000mortgage$80,000car$6,000car loan$2,000Total$127,100Total$88,500Which expression finds Enzo’s net worth?

Revolt · Accepted Answer

127,100 dollars minus 88,500 dollars

Question 3

What do financial planning skills ultimately enable an individual to do?

Revolt · Accepted Answer

to prepare for the future

Question 4

Keisha owns a house worth $275,000 with a mortgage of $195,000. She owns a car worth $12,000 and has $7,500 in car loans. She has $3,000 in investments, $2,700 in a bank account, and owes $1,500 on a credit card. What is Keisha’s net worth?

Revolt · Accepted Answer

$88,700

Question 5

Look at this monthly budget.Monthly Budget

Revolt · Accepted Answer

Decrease food expenses.

Unit Test — Unit test Answers

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