Emergency fund - Study guides, Class notes & Summaries

Dave Ramsey Chapter 1 Money Review with Verified Solutions sinking fund saving money for a purchase and letting the interest work for you rather than against you. amoral money is neither good nor bad. money market emergency fund goes here. compound interest interest on interest. murphys law if it can go wrong it will; unexpected events. baby step 1 $500/$1000 in an emergency fund. baby step 3 3-6 months of expenses. key to wealth building discipline for most people...

Substances or materials in quantities or forms that may pose an unreasonable risk to health, safety, or property when transported, stored, or used in commerce is a definition for a: - correct answer-hazardous material When dealing with a radiological incident involving a leak or spill, what exposure guidelines should the hazmat first responder use to minimize radioactive contamination? - correct answer-Time, distance, shielding A reference book intended as a guide to aid emergency responde...

Dave Ramsey Personal Finance Chapter 2 Questions with Verified Solutions What is the first foundation in Dave's 5 foundations? Save $500 in an emergency fund Some people borrow money for large purchases, but we know that we should set our money aside in a ________________ over time and then pay for the big purchase in cash. Sinking Fund Spending more money than you make & acquiring debt Negative savings rate Money today has different buying power than the same amount of money in ...

The County of Death - ANSWER-Who is responsible for the transportation costs when a body is delivered to the ME? 48 Hours - ANSWER-How long must a body be retained before being donated to medical science? Each Embalmers Instructor - ANSWER-Who's signature is required on the Embalmers quarterly report, when given instruction by different teaching embalmers? 30 Days - ANSWER-Employees must take the Communicable disease course within how many days of employment? The County Commissioner...

Hazardous material - Answer- Substances or materials in quantities or forms that may pose an unreasonable risk to health, safety, or property when transported, stored, or used in commerce is a definition for a: Time, distance, shielding - Answer- When dealing with a radiological incident involving a leak or spill, what exposure guidelines should the hazmat first responder use to minimize radioactive contamination? DOT, Emergency Response Guidebook - Answer- A reference book intended as a g...

Agent Thompson received a letter from the Department of Insurance asking her to provide proof of completing the continuing education requirements. Within how many days must Agent Thompson respond to the Department's inquiry? 20 30 10 45 - ANSWER 10 days Abby lives in Ohio, where she is licensed as an insurance producer. She wants to apply for a nonresident license in Pennsylvania. Which of the following conditions must she satisfy? She must move to Pennsylvania. She must surrende...

Uses of Life Insurance - -Insured pays premium to company and in return, company assumes risk of that person dying prematurely -premium (small certain loss) is exchanged for a large uncertain loss -spreading risk of premature death among a large group Life insurance has value like property: -valuable part of individuals estate, providing immediate cash to pay debts and financial security to insured's survivors -cash value of life insurance policy can be used as collateral to secure a loa...

Ramsey Classroom Ch. 3 Post Test Answers 100% Correct In order to outpace inflation when investing, your investments need to have a lower rate of return than the rate of inflation. False _______ is a millionaire's best friend. Compound growth The only place you should keep your emergency fund money is... A savings account or money market account Compound interest is earned at a fixed rate, while ________ is an average based on an investment's past performance. Compound growth...

Test Bank for Personal Finance 8th Canadian Edition by Kapoor, Dlabay, Hughes, Stevenson and Kerst 2024 | All Chapters A+ Chapter 1 – An Introduction  Why financial planning is important? o Is the process of managing your money to achieve personal economic satisfaction o Advantages: increased effectiveness in obtaining, using and protecting resources o Increased control of financial affairs, improved personal relationships, sense of freedom  Understand how life cycle can affect pla...

CISR LIFE & HEALTH Exam 52 Questions with Answer The first step in understanding the elements of a life insurance contract is being able to: A) describe the personal and specific reasons people purchase life insurance B) describe the different parties to a life insurance contract and their relationship - CORRECT ANSWER B) describe the different parties to a life insurance contract and their relationship A policy owner has the power to: A) Name one or more beneficiaries B) Change th...