JROTC Financial Literacy

You should use a credit card to make purchases because they do not charge interest.

(Select all that apply) Good credit is usually required for which of the following:

Which will most benefit you financially?

An estimated plan of expected income and expense for a given period of time is called:

Use the Rule of 72 to calculate how long it takes for your money to double at 6% in interest

Which of the following is not a type of savings vehicles?

Which type of bank account typically offers no interest?

An agreement in which someone gets something of value and agrees to repay the lender is called:

John's homeowner's insurance has a $500 deductible.  What does this mean?

Which of the following could potentially damage your credit score?

Your credit history is tracked by all of the following EXCEPT:

The payment received for goods or services, or from other sources, as rents or salary is called

money that is paid to the government for support of specific facilities or services is called

Which of the following types of insurance would cover roof damage caused by hail?

Purchasing something that has the potential to increase in value over time, such as stocks:

Which of the following typically have the highest fees?

Which of the following does not charge interest to use?

Which part of the check does not have to be filled out?

The amount charged for borrowing money is called: