4th 12

Question 1

is a legal binding contract for a specific period of time

Answer 1

leasing an apartment

Question 2

often displayed by drama addicts and poor planning

Answer 2

management by crisis

Question 3

cash taken from an individuals account every month

Answer 3

auto payments

Question 4

fundamental change in approach or underlying assumptions

Answer 4

paradigm shift

Question 5

a range of investments held by a person

Answer 5

portfolio

Question 6

the most expensive version of financing

Answer 6

leasing a car

Question 7

oversized amount due at the end of a mortgage or commercial loan

Answer 7

balloon payment

Question 8

drops in 18-28% in the first year

Answer 8

brand new car

Question 9

the difference between current market value and what is owed

Answer 9

equity

Question 10

combining several loans into a new loan and paying more interest

Answer 10

debt consolidation

Question 11

biggest wealth builder- money received regularly through work or investments

Answer 11

income

Question 12

main goals are to protect consumers and ensure a competitive market

Answer 12

federal trade commission