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PLA 2 presentation Flashcards | StudBud

Explore/PLA 2 presentation

PLA 2 presentation

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Questions 6

Answers

1
What is the most common mortgage term in the U.S.?
10 years
30 years
15 years
20 years
2
What is the purpose of an emergency fund?
To buy concert tickets
To invest in the stock market
To cover unexpected expenses
Donations
3
Guess which are the current average credit card interest rates
28.70%
55.34%
15.34%
43.52%
4
What does a credit score measure?
Your spending habits
Your income level
Your financial goals
Your ability to repay debt
5
What are the ranges for the FICO credit score
100-1000
300-850
1-100
100-500
6
What is financial literacy?
Working in finance
Education on financial tools and skills
Finance books
Knowing how to invest