Unit 2: Financial Literacy Part 1

When a lender considers a loan risky, what does the lender do ?

Which of the following is NOT a type of fee you might have to pay on loans

The average of U.S household holds more than $_____ of credit card debt.

T/F Retirement income is not guaranteed

Liselotte Wehrheim donated $4.2 million to help the _____ program at Millersville

Which of the following is NOT a tip for managing your money?

T/F The two best ways to building credit are to make payments and borrow only what you need.

Open-end consumer loan is also know as ______

T/F The wage gap between high-income and low-income earners is shrinking

T/F The ability to protect yourself from financial loss is one of the fundamental principals of financial literacy.

An important factor as a college student managing finances is to ideally set aside __% of your paycheck

_______ compare interest and APR when considering a loan product

T/F High interest rates drive up stock prices.

Which of the following is NOT a component of financial literacy.

What does APR stand for

The typical age of retirement is ______

Which of the following is NOT a consumer loan

T/F Winning the lottery can only prove benefits for your life even with no financial planning

When applying for a loan and want to borrow money you should visit a(n)________.

T/F Money Management is spending money in order to make money.