Life Skills (1)
What is the fee you pay the owner for using their home?
Rent
What do you need to apply for a job, that includes your job history?
Resume
What is a probation period on a job?
The test period where a worker must show they can do the job, or they could be fired.
What is the term for the initial payment made by a buyer when purchasing a house?
Down Payment
What term describes the tendency for people to believe they are less likely to experience negative events compared to others?
Optimism bias
You make an agreement with an apartment owner. This written contract is called a ___?
This skill involves identifying market opportunities, developing business plans, and launching and managing successful ventures.
What is entrepreneurship
What term refers to the ability to budget, save money, and manage finances responsibly, including making large purchases like cars and houses?
What is financial literacy
If an employer asks for a reference, what are they wanting?
People you know who will speak well about you to an employer
What type of insurance protects your personal belongings, such as furniture and clothing, in case of theft or damage?
Renters insurance
What term describes educational institutions that offer specialized training programs and certifications as alternatives to traditional four-year colleges and universities?
vocational schools or trade schools?
You take out a $500 loan and have to pay back $550. What is the extra money you have to pay back called?
Interest
What type of investment fund pools money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other assets?
Mutual Fund
If you do not brush your teeth, a sticky film of bacteria, called ___ continually forms around your teeth and gums
plaque
What is the process of having a professional assess the value of a property before finalizing a mortgage called?
Home appraisal
The apartment says that utilities aren't included in the rent. What is an example of one of the utilities?
Power, water, gas, or sewage.
This type of tax is imposed on the transfer of property after the owner's death.
What is an estate tax?
What term describes the tendency for people to prefer immediate rewards over larger rewards that require waiting?
Instant gratification
This form, known by its number, is used by individuals to file their federal income tax returns in the United States.
What is Form 1040?
What is the score called that determines your interest rate on a car?
Credit Score
What is the average temp the furnace should be set at
65*
If you are paid every two weeks, how many paychecks will you get in a year? DO NOT USE A CALCULATOR
26
What is the term for the interest rate charged on the outstanding balance of a credit card if the full amount is not paid by the due date?
Annual Percentage rate
What is the process of transferring ownership of a property from seller to buyer called?
Closing or settlement
What is the term for a collection of investments, such as stocks, bonds, and mutual funds, owned by an individual or entity?
Investment portfolio