Study guides, Class notes & Summaries

FutureSmart Financial Literacy Study Guide | With complete solution updated 2024/25

• Course Premium - -The amount you pay your insurance company for coverage. It is usually paid each month. -Deductible - -The amount you personally are required to pay before your insurance covers the cost. -Copay - -A fixed fee you pay for specific medical service, like a visit to the doctor's office. -Security deposit - -Money you pay when you rent an apartment to pay for any damage. If there is no damage when you leave, you get your money back. -Renters Insurance - -Insuranc...

• Course What are some examples of things would be considered a want rather than a need for most people? - -A smartphone -Describe what an opportunity cost is - -The trade-off of making one choice and giving up a different choice -You are going to buy a computer, but first you want to do some research to help you select the best model for your needs. Where should you look for the fairest and most reliable information? - -An independent consumer education website that reviews and rates...

FutureSmart Financial Literacy Study Guide_ Answered (2023.) What are some examples of things would be considered a want rather than a need for most people? A smartphone Describe what an opportunity cost is The trade-off of making one choice and giving up a different choice You are going to buy a computer, but first you want to do some research to help you select the best model for your needs. Where should you look for the fairest and most reliable information? An independent consumer ...