stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
CFA Kickoff - Test Your Knowledge Flashcards | StudBud
Explore
/
CFA Kickoff - Test Your Knowledge
CFA Kickoff - Test Your Knowledge
10 terms
·
StudBud Administration
·
20 plays
Imported from external platform
Flashcards
10 cards
F
Practice quiz
P
Host live
L
Questions
10
Answers
1
What is the correct formula for calculating amortized loan payments?
A = 2(P - 1) + r2 - n
P = a / (1+r/n)nt
P = a(r/n)
A = P(r) / (1 - (1 + r)-n)
2
Secured debt refers to debt backed by collateral like a car or house.
False
True
3
Default occurs when you are at least three months past due on your student loan.
False
True
4
Private student loans have the same standard student loan repayment process.
False
True
5
What is the highest possible credit score?
800
750
850
700
6
How many pages should your resume be?
1-2 pages
3-4 pages
5-6 pages
No limit
7
CFA stands for Center for Financial ____________.
Center for Financial Associations
Center for Financial Achievement
Center for Financial Awareness
Center for Financial Advancement
8
Free weekly online credit reports are available from Equifax, Experian, and TransUnion.
True
False
9
A fee you pay for borrowing money is _____________. Money earned in a savings account is _____________.
Interest
Equity
Capital
Allowance
10
What percentage of your FICO score accounts for your payment history?
35%
60%
40%
45%
