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Financial Literacy - college finance Flashcards | StudBud
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Financial Literacy - college finance
Financial Literacy - college finance
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1
You charge $1000 on a credit card with an APR of 21%. Paying the minimum, how long to pay it off?
5.6 years
7.6 years
6 months
1 year
2
Which of these things could negatively affect your credit history?
an outstanding doctor's bill
a late student loan payment
an unused credit card you opened to get 20% off at Macy's
an unpaid cell phone bill
3
What percentage of college students have a credit card?
10%
50%
99%
75%
4
How much did the average college student spend on miscellaneous stuff in a semester?
$357
$995
$523
$1321
5
What is an APR? (Annual Percentage Rate)?
The % of money you borrow from the bank
The % you earn on the money you spend using a credit card
The % of the money credit card company pays you
The % charged to an unpaid balance on a credit card
6
You're out of toothpaste & dropped your brush in the toilet, how much to replace them?
$3.47
$2.79
$6.26
$5.09
7
What's the price of this shampoo?
$29.00
$24.00
$11.00
$32.00
8
The average college student carries approx. $_____ in credit card debt.
$0
$3000-4000
$1000-2000
$100-200
9
What does a 32 count of Tide laundry pods cost?
$12.99
$2.99
$5.99
$10.99
10
The majority of credit cards offered to college students have:
22-26% Inroductory APR
7-9% Introductory APR
0% Introductory APR
18-21% Introductory APR
11
What was the median starting salary of 2017 college graduates?
$64,367
$36,141
$55,126
$49,785
12
How much are season tickets to University of Michigan football?
$77
Free
$252
$175
13
What's the price of this shampoo?
$4.99
$8.99
$11.99
$6.99
14
What is the average sale price of a single family home in the US?
$89,962
$209,654
$282,400
$126,359
15
What does a 12 pack of Red Bull cost on target.com?
$19.79
$9.99
$7.50
$12.75
16
What is the average total cost for four years at a public university at 2017 costs?
$208,584
$75,772
$101,600
$91,200
17
What does a 12 pack of Pepsi cost, on sale last week at Jewel, how much cheaper is it on sale?
$3.33/$2.66
$2.75/$1.24
$4.00/$1.99
$3.00/$1.29
18
What is the average total cost for four years at a private university at 2017 costs?
$183,565
$203,000
$139,676
$101,369
19
How much would you have paid back?
$1,021
$1,940
$1,210
$1,000
