Module 6 Financial Literacy Review 8th Grade

Which is not something the credit agencies look at when determining your credit score?

Funds provided for Nevada students who do well and enroll in a Nevada state school.

Work Study means the only thing you do in college is work and study.

When making a budget, if your expenses are higher than your income, what should you NOT do?

The charge for borrowing money from a bank

A plan for using money

Purchasing something without researching or thinking it through

Which of the following are considered to be "secured loans"?

State sponsored investment plans that help families save for college

Which of the following is NOT a need when it comes to making purchases?

Someone who has an excellent credit score can expect to pay a higher interest rate for loans.

Scholarships to college do not need to be paid back.

Which of the following is NOT a part of creating a SMART Goal?

Pools of funds collected from many investors that are distributed to many types of investments

Which of the following are NOT advantages of using credit cards?