Emergency fund - Study guides, Class notes & Summaries

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...

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...

Personal Lines Insurance Practice Exam Questions and Answers Latest | 100% Correct. Bobby, age 16, borrows his parents' car without their permission and gets into an accident. Which of the following statements about coverage under the parents' personal auto policy is CORRECT? A) Bobby is covered by his parents' policy because he is included in the definition of named insured. B) Bobby is not covered for this accident because he used the car without permission. C) Bobby is not covered ...

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 ...

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...

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...

CFP Mock PASSED Exam Questions and CORRECT Answers What assets typically are not used to establish an emergency fund? A) Certificates of deposit with a three-month maturity B) Money market accounts C) Passbook savings accounts

FHCE 3200 Exam 3 Quiz Questions with 100% Correct Answers TRUE or FALSE: A Roth IRA qualifies for the IRA tax deduction found on the 1040 tax form. a. TRUE b. FALSE - Answer- b. FALSE Erin, a good friend of yours, would like to transfer a boat she inherited to her nephew who is 9 years of age. She heard that there is a way to go about doing this but is unsure. What type of custodial account will she need? a. Universal Transfer to Minors Act b. Universal Bequest to Minors Act c. Univer...

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...

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...