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Financial Literacy II Flashcards | StudBud
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Financial Literacy II
Financial Literacy II
20 terms
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Financial Literacy Review II
Flashcards
20 cards
F
Practice quiz
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Host live
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Questions
20
Answers
1
A positive credit report will get you . . .
free credit
one less payment
more time to pay
the best rate
2
Insurance companies will . . .
will cancel your policy because of you good credit
make you pay everyday
help you buy a car
base your rates on your FICO
3
Which bank should a student use? The one that . . .
is closest to my house
a student discount
only a $2 monthly fee
the lowest monthly fee
4
A debit card is just like . . .
is issued through you checking account
has to be applied for
using your credit card
charges interest
5
Credit Card VS Debit Card
Credit is Free $$
Debit is like cash
Credit pays interest
Debit charges interest
6
To earn 30% more annual salary, you should . . .
Graduate HS
get a Master's degree
drop out of HS
Graduate college
7
Which is NOT true? A grant . . .
Comes from Government
Is Free $$
Comes from colleges
Pays Interest
8
You should not choose a career that . . .
requires higher education
pays more
pays above minimum wage
is of no interest to you
9
I've enjoyed Quiz because . . .
It's fun
The test is tomorrow
I learn
Mr V's the coolest
10
FAFSA is . . .
the day before GAGSA
an application that only a few complete
Federal Aid For Students in Art
determines the $$ I will get for college
11
Students that loan other students money is . . .
losing a friend
a non-student loan
none of these
the best idea
12
FICO is . . .
Fast Isaac Co
From Ian Corp
Field Inertia Crazy Ostrich
Free Initial Credit Offers
13
As the minimum level of education increases, so does . . .
your house
your salary
your chances of a great family
your blood pressure
14
Deposit $400; ATM $200; Deposit $500; Bill Pay $300; Deposit $200; Check $100 =
$400
doesn't add up
$600
$500
15
30% more than $30,000 is . . .
$39,000
$30,900
$900
$9000
16
A Lender can check your payment history by . . .
calling your mother
requesting a credit report
file a writ of habeas corpus
running a criminal background check
17
Which piece of information is not provided on a credit report?
self payments
on-time payments
early payments
late payments
18
A credit report is the same as a credit score?
Always
Never
Sometimes
Cannot be determined
19
There is nothing to fear on Thursday, because . . .
I've studied
I am Awesome
Free Points
I know it all
20
Your credit score will be determined by ALL but . . .
personal information
years of credit
amount you owe
on time bill pay