Question

pregunta 11 (36 puntos)
please match the following terms with their definitions.
columna a

1. _____ leasing
2. _____ get out of debt
3. _____ military
4. _____ cash advance
5. _____ net worth
6. _____ diners club
7. _____ income
8. _____ co - signing
9. _____ depreciation

columna b
a. what you own minus what you owe; for 25% of u.s. families, this is a negative number
b. primary target of cash advance places
c. visad. places that charge 400% interest or more
e. your largest wealth - building tool
f. credit
g. taking responsibility for someone elses loan
h. going down in value
i. the second foundation
j. most expensive way to finance a car; basically a long - term rental
k. the first credit card

Explanation:

• Leasing is a long-term rental arrangement, often the priciest way to finance a vehicle.
• "The Second Foundation" refers to the step of getting out of debt in financial literacy frameworks.
• Military personnel are a common target for cash advance services.
• Cash advance providers typically charge extremely high annual percentage rates (400%+).
• Net worth is calculated as total assets minus total liabilities, which is negative for a portion of U.S. households.
• Diner's Club was the first widely recognized credit card launched in 1950.
• Visa is a major global credit card network, representing the credit category.
• Co-signing means legally taking on responsibility for another person's loan repayment.
• Depreciation describes the decrease in an asset's value over time.
• Consistent, sustainable income is the primary tool for building long-term wealth.

Answer:

1. Leasing - j. most expensive way to finance a car; basically a long-term rental
2. Get Out of Debt - i. The Second Foundation
3. Military - b. primary target of cash advance places
4. cash advance - d. places that charge 400% interest or more
5. net worth - a. what you own minus what you owe; for 25% of U.S. families, this is a negative number
6. Diner's Club - k. the first credit card
7. credit - c. Visa
8. co-signing - g. taking responsibility for someone else's loan
9. depreciation - h. going down in value
10. income - e. your largest wealth-building tool