Which of the following are characteristics of the core capabilities? (Select all that apply.) are distinct critical elements necessary to meet the National Preparedness goal, are essential for the execution of each mission area: Prevention, Mitigation, response, and Recovery, provide ...
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Which of the following is a benefit of implementing NRF structures and procedures? scaled response, level of appropriate coordination, delivering specific resources
The National Response Framework is intended to provide guidance to the whole community. This enables whole communities to benefit from national preparedness. In this context, whole community includes? (select all that apply): children, religious leaders, disabled individuals, pet owners
Why is it important to engage communities in preparedness efforts? Provide opportunities for sharing information
In what circumstance would a property insurance claim be rejected? The insurance company finds that a homeowner intentionally caused damage. The property damage is caused by a natural disaster, such as a flood. The insurance company changes its policies after ...
Why does insurance often provide “peace of mind”? People know their insurance coverage will help prevent accidents and damage. People trust that they will make a profit if they pay insurance premiums. People are not concerned about their health if ...
Which type of insurance policy would someone get to protect others only? health insurance life insurance property insurance disability insurance
Which statement is true of both mortgages and auto loans? They are riskier than student loans for lenders. They do not require a minimum payment. They are secured loans and generally require a down payment. They have higher interest rates ...
Simple interest is paid only on the principal borrowed outstanding balance projected balance.
A way to build good credit is using only secured loans. taking out many lines of credit. paying bills when they are due. using only credit cards.
What is the compound interest on a three-year, $100.00 loan at a 10 percent annual interest rate? $10.00 $21.00 $33.10 $46.41
The simple interest on a loan of $200 at 10 percent interest per year is $10 per year until the loan is paid off. $15 per year until the loan is paid off. $20 per year until the loan is ...
What is a benefit of obtaining a personal loan? getting money with special repayment terms getting money with favorable interest rates getting small amounts of money to use immediately getting large amounts of money to use immediately
What best determines whether a borrower’s interest rate on an adjustable rate loan goes up or down? a fixed interest rate a bank’s finances a market’s condition a person’s finances
For which buyer would a lender most likely approve a $200,000 mortgage? a person with a credit score of 800 with a large amount of debt who has recently switched to a lower-paying job a person with a credit score ...
Which describes an example of using unsecured credit?Which describes an example of using unsecured credit? Someone buys new gutters for a home with a credit card. Someone buys a new vehicle with a loan from a car dealer. Someone buys a ...
Which of the following are more likely to happen if you have bad credit? Check all that apply. *being denied a mortgage *being denied an unsecured credit card *having to pay higher interest rates on loans getting a great interest ...
Which describes an example of using unsecured credit?Which describes an example of using unsecured credit? Someone buys new gutters for a home with a credit card. Someone buys a new vehicle with a loan from a car dealer. Someone buys a ...
Filing for bankruptcy can make it hard for a consumer to reestablish and obtain ______.
A way to build good credit is: using only secured loans. taking out many lines of credit. paying bills when they are due. using only credit cards.
People who want to buy a house typically ask the bank for a ________ over a 10- to 30-year period
Consumers who pay more than the minimum payment on credit cards: pay less interest in the long run. are able to buy more things. see their credit scores decrease. qualify for mortgages.
Which describes the difference between secured and unsecured credit? Secured credit is backed by an asset equal to the value of a loan, while unsecured credit is not guaranteed by a material object. Unsecured credit is backed by an asset equal ...
The type of credit people are most likely to use for small purchases during their lifetime is: a credit card. a personal loan. an auto loan. a mortgage.
What is the compound interest on a three-year, $100.00 loan at a 10 percent annual interest rate? $10.00 $21.00 $33.10 $46.41
What is a benefit of obtaining a personal loan? getting money with special repayment terms getting money with favorable interest rates getting small amounts of money to use immediately getting large amounts of money to use immediately
An example of secured credit is a: payday loan. credit card. mortgage. medical bill.
Which describes the difference between simple and compound interest? Simple interest is paid on small, short-term loans, while compound interest is paid on large, long-term loans. Simple interest is paid on the principal, while compound interest is paid on the principal ...
The simple interest on a loan of $200 at 10 percent interest per year is: $10 per year until the loan is paid off. $15 per year until the loan is paid off. $20 per year until the loan is paid ...
Simple interest is paid only on the _________ ________.
For which buyer would a lender most likely approve a $200,000 mortgage? a person with a credit score of 800 with a large amount of debt who has recently switched to a lower-paying job a person with a credit score of ...
Which best describes a way people can use personal loans? to buy a house to buy a bicycle to pay for college to pay for groceries
What best determines whether a borrower’s investment on an adjustable rate loan goes up or down? a fixed interest rate a bank’s finances a market’s condition a person’s finances
A credit score is based in part on: employment and race. income and location. employment and trust. payment history and total debt.
Both mortgages and auto loans: are riskier for lenders. are riskier for borrowers. require a down payment in general. require minimum payments.
The chart shows a range of credit scores. A credit score between 500 and 600 means a consumer would most likely: find it easy to get a loan. find it hard to get a loan. get a loan with low payments. get ...
In determining whether to issue a loan, banks are not allowed to ask about an applicant’s: employment history. date of birth. country of origin. income tax returns.