Personal Financial Literacy Final Review

Credit card companies earn more interest payments if

A friend increased his cigarette smoking habit. How does this affect his health insurance?

Before an insurance company makes a payment on a claim, the insured person must pay the

possibility of loss or injury

Money to help pay college costs

Going to college can mean taking out loans, what advantage will u have after getting a degree?

high-tech scam that uses spam or pop-up messages to trick consumers into disclosing their info

In what way does having a savings account affect your credit report?

They use your name, social security # or blank pre-approved credit apps that you throw away

To avoid accumulating large amounts of debt, it is a good idea to

the amount of money an insured person pays before the insurance company makes payments for loss

Which of the following presents the most risk to your credit profile/history:

Students applying for financial aid to attend college need to fill out a

Cash that must be repaid after graduation

An identity thief may want

Cash given for need, rather than for academic record

If you want to dispute information on a credit report that you believe is wrong, you should

the providing of money or goods with the expectation of payment in the future

contract guaranteeing for a fee to pay someone for the property if it is lost or damaged

An automotive policy includes coverage for single individual, bodily injury to everyone and

When applying to college, how many schools should you apply to?

Free Application For Federal Student Aid

an amount of money that you owe to a person, bank, company, etc

Money saved over a period of time

Which category of financial aid do you have to repay?

How can you protect yourself against credit card fraud?

Insurance protects us from:

Your car gets hit. What do you have to do first before you can get money for the damages:

scam that uses spam to con consumers into giving their card #, bank info, Social Security #

not paid at the required or expected time

When considering a career path it is important to consider

Cash grant for academic promise

A scholarship or financial aid scam requires a student to share his/her

Financial Aid is

a cash payment made to the lender toward the purchase of property

A plan that helps families save for college while taking advantage of tax breaks is called a