A mortgage which concludes with one large, final payment.
What is a balloon mortgage
100
The term used to describe the amount of money the insured must pay for their claim before the car insurance company will pay for the remainder of the bills up to the coverage limit
What is a deductible
100
It costs $1.99 for a dozen eggs. What is the unit cost for one egg?
What is 0.16
100
The amount of money you earn from your employer before taxes are taken out
What is gross income
100
The length of time a check is good for
What is 6 months
200
The amount of mortgage a person can afford is affected by this.
What is his or her income
200
This is required in PA if you drive a car.
What is car insurance
200
Lemonade is $1.85 for one jug. I have a coupon that I can use to get lemonade for $3.95 for three. Using the coupon, what is my unit cost for the lemonade? (round to the nearest hundredth)
What is $1.32
200
the amount of money earned from your employer after taxes are taken out
What is net income
200
If the written words and numerical value of a check do not match, the bank will use this of the two for the value of the check
What is the written words or check legal amount
300
With this mortgage, you will make the same monthly payment throughout the term of your loan.
What is a fixed rate mortgage
300
An amount of money an insured individual must pay each time they visit a doctor
What is a copay
300
Jeans are on sale for $15 for one pair or $23 for two pairs. What is the unit cost of the jeans if I were to buy two pairs. Which is the better deal?
What is $11.50. It is a better deal to buy two pairs of jeans
300
An expense that will remain the same month to month or year to year
Example: rent
What is a fixed expense
300
This is the last thing you should do when writing a check
What is signing the check
400
This mortgage has an interest rate and monthly payment that moves up or down, depending on current interest rates.
What is an adjustable rate mortgage.
400
The amount of money an individual pays for their health insurance each month
What is a premium
400
The annual percentage rate that a credit card company will charge.
What is APR
400
An expense that will change month to month or year to year
example: groceries
What is a variable expense
400
Using a check worksheet, write out a check for the following:
Fransen Wireless: $75.33
• Cell Phone Bill
What is SHOW ME THE CHECK
500
The charges for settling a real estate transaction are called what?
What are closing costs
500
any request or demand for payment under the insurance policy
What is a claim
500
The total amount of credit given to a credit card customer
What is a credit line
500
A retirement account that is funded directly from your paycheck
What is a 401K
500
Using a check worksheet, write out a check for the following:
CM Grocers: $37.10
For: groceries