Personal Finance - Quiz Review

Question 1

A person shares knowledge and skills to foster personal and professional growth of someone else

Accepted Answer

Mentorship

Question 2

A 4 year degree is necessary regardless of what career you're pursuing

Accepted Answer

False

Question 3

undergraduate degree awarded by colleges upon completion of a course of study lasting 2 years

Accepted Answer

Associates

Question 4

Your net worth as an adult will be the average of the _________

Accepted Answer

the 5 people you hang out with the most

Question 5

Millions of people cannot afford to make their ________ payments each month.

Accepted Answer

student loan

Question 6

A form of federal or state financial aid that does not need to be repaid

Accepted Answer

grant

Question 7

A program that allows students to work part-time while continuing their studies

Accepted Answer

work study

Question 8

You need a ____! Get help from your parents, teachers, and school administrators along the way.

Accepted Answer

plan

Question 9

The average millionaire reads _______

Accepted Answer

1 non fiction book per month

Question 10

form completed by college students to determine their eligibility for financial aid

Accepted Answer

FAFSA

Question 11

Reality TV and video games

Accepted Answer

are a distraction

Question 12

The total estimated student loan debt outstanding (unpaid) in the United States

Accepted Answer

1 trillion dollars

Question 13

higher learning focusing on job skill for career field instead of academics in liberal arts

Accepted Answer

trade school

Question 14

merit-based financial aid - no repayment; offered for academic, athletic and other achievements

Accepted Answer

scholarships

Question 15

Which is NOT a good option when it comes to paying for your education?

Accepted Answer

ask your parents to take out a loan for college tuition

Question 16

money myth that portrays student loans as the only option to funding one's college education

Accepted Answer

"good debt"

Question 17

Owing anything to anyone for any reason is simply

Accepted Answer

debt

Question 18

Keep in mind buying something more expensive does NOT always mean _______

Accepted Answer

better quality

Question 19

Which is NOT one of the three ways to invest in yourself?

Accepted Answer

Work hard and spend your money without saving

Question 20

Our culture think student loan debt is normal and is an acceptable way to pay for college

Accepted Answer

True

Questions 20