Financial Literacy

What is the FED's stated inflationary goal?

Money owed to creditors, typically with interest. (Avoid at all costs)

A plan for managing income and expenses over a set period, typically monthly or annually.

All of the following affect a person's credit score EXCEPT

Any item of economic value owned by an individual or corporation, which may be converted into cash.

The cost of borrowing money or the return on invested funds, expressed as a percentage.

A grant needs to be repaid.

How many goals will be scored between Manchester City and Real Madrid today?

Spreading investments across different assets to reduce risk.

The amount of money a student's family is expected to contribute to their college education, as determined by the FAFSA.

The rate at which the general level of prices for goods and services is rising, eroding purchasing power.

A federal program that provides part-time jobs for undergraduate and graduate students with financial need.

Money set aside for future use or emergencies, often deposited into a bank account.

An individual retirement account that allows qualified withdrawals on a tax-free basis.

A subsidized loan requires students to pay all the interest of the loan, even while in school.

A FICO credit score above ___ is considered very good.

A payment made by a corporation to its shareholders, usually as a distribution of profits.