What is an emergency fund - Study guides, Class notes & Summaries

Wellbeing Review - Dave Ramsey Questions and Answers Already Passed You should always pay off all debt before you start saving money. False Saving money is about _____________ and _____________. emotion, contentment For Baby Step 1, how much should college students (and those who make less than $20,000) save in an emergency fund? $500 The definition of a "negative" savings rate means you aren't saving as much money as you should. false Just like a brick, money should b...

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...

H&R Block Budget Challenge and Chapter 2 Test Already Passed Net Pay Amount of income left after taxes and deductions have been taken out. Gross Pay the total amount of an employee's earnings before deductions are taken out Deductible Amount you must pay before you begin receiving any benefits from your insurance company Prorate When you are charged only the amount you will use. For example, when moving into an apartment, you would not pay the full month's rent if you are moving...

consumer - Answer-a person or organization that uses a product or service credit - Answer-the granting of a loan and the creation of debt; any form of deferred payment debt - Answer-an obligation of repayment owed by one party to a second party; in most cases this includes repayment of the original loan amount plus interest economy - Answer-a system by which goods and services are produced and distributed financial literacy - Answer-the knowledge and skillset necessary to be an informed con...

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...

CDFM - Module 3 questions with complete solutions 2022/2023What are the three tests that must be met for use of the Necessary Expense doctrine? Must bear a logical relationship Not prohibited by law Not funded elsewhere (p 3.1.17) Who grants relief of liability to a certifying officer for erroneous or illegal payments in the Department of Defense? The Defense Finance and Accounting Service (DFAS) (p. 3.1.51) What type of budgetary resources remains available for new obligatio...

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: 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? Time, distance, shielding A reference book intended as a guide to aid emergency responders to guide quickly and ...

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: - 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? - Time, distance, shielding A reference book intended as a guide to aid emergency responders to guide quickly and identify...

CPACE exam 2024 with 100% correct answers What are categorical funds? 1. Restricted funds for specific purposes only. 2. State - Title I, Federal Government, child nutrition School Site Council -principal is member -50/50 between parents and employees -does not vote on federal/state budgets Define "audit" and state what information an audit provides about school district funds. An audit is an examination of documents, records and accounts. Confirms the fund balances as well as thei...

Entire Contract Provision - ANSWER found at the beginning of the policy, saying that the policy cannot refer to any outside documents as being part of the contract and prohibiting the insurer from making any changes to the policy after it has been issued. (can only make good changes not bad) Insuring Clause - ANSWER sets forth the company's basic promise to pay benefits upon the insured's death. Free-Look Provision - ANSWER gives policyowners the right to return the policy for a full pre...