Joel and Matthew were college roommates who loved to fish. They decided to buy a bass fishing boat together and filled out a loan application as co-applicants. In the summer after their junior year, Joel dropped out of college, hitched the boat and trailer to his car and took off. They still owed $2,300 on the boat that was being paid off at the rate of $150 per month. If Joel stops paying his half of the loan and Matthew can't locate Joel, what happens to the loan?

%of the world's population controls approximately % of the world's finances (the sum of gross domestic products)" quizlket

Simon, aged 10, is invited to a classmate's birthday party at an exclusive ski resort on march 15th. the day will include 4 hours of snowboarding, lunch and birthday cake. simon's mother checks a box on the invitation that says "yes, we will attend" and returns it to the classmate's address. unfortunately, they later don't attend the party when simon comes down with the flu. on march 17th, simon's mother receives an invoice in the mail from simon's classmate for $35 that says, "party no-show fee." can simon's classmate collect the fee?

Match the different financial task to their corresponding financial life cycle phases