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Utah financial literacy state final Exam Questions With 100% Verified Answers $7.99   Add to cart

Exam (elaborations)

Utah financial literacy state final Exam Questions With 100% Verified Answers

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  • Course
  • Utah financial literacy
  • Institution
  • Utah Financial Literacy

Utah financial literacy state final Exam Questions With 100% Verified Answers Time value of money - answerMoney now is worth more than in 20 years A house payment - answerPrinciple, interest, property taxes, and insurance compound interest - answerinterest earned on both the principal amount an...

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  • October 2, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Utah financial literacy
  • Utah financial literacy
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Utah financial literacy state final Exam
Questions With 100% Verified Answers


Time value of money - answer✔Money now is worth more than in 20 years


A house payment - answer✔Principle, interest, property taxes, and insurance


compound interest - answer✔interest earned on both the principal amount and any interest

already earned


Payday Loan - answer✔a relatively small amount of money lent at a high rate of interest on the

agreement that it will be repaid when the borrower receives their next paycheck.


Central Banking System - answer✔A nation's central bank that is established to regulate the

money supply and oversee the nation's banks. In the United States the Federal Reserve is the

central bank.


FAFSA (Free Application for Federal Student Aid) - answer✔The application required for

students to be considered for federal student financial aid.


ammortized loan - answer✔A loan that you "kill" away by paying it back but by bit


Rule of 72 - answer✔The number of years it takes for a certain amount to double in value is

equal to 72 divided by its annual rate of interest.

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