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UNCC WBB. Flashcards | StudBud
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UNCC WBB.
UNCC WBB.
28 terms
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StudBud Administration
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68 plays
Let's see how much you learned during the intorductory workshop.
Flashcards
28 cards
F
Practice quiz
P
Host live
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Questions
28
Answers
1
When considering a larger purchase you should do all of the following
EXCEPT
B. Ask yourself if it adds value to your life
D. Think about it for a day
A. Consider if it is a need or a want
C. Calculate the interest you will pay on your credit card
2
A soft inquiry such as checking your own credit will make your credit score go down
True
False
3
A good credit score can
A. Distinguish you from other internship/ job applicants
B. Influence your interest rate on a loan
C. Save you thousands over the life of a loan
D. All of the above
4
Credit cards usually charge the same interest rate for all types of transactions
True
False
5
A general rule of financial literacy is that you should save...
D. 5 Percent of your net pay
C. What’s left over after purchasing your needs and wants
A. What’s left over after purchasing your needs
B. 10 Percent of every dollar you make
6
Which is
not
needed to become literate in something?
B. Help from others
D. Behavior Changes
C. Knowledge
A. Action Planning
7
A debit card is backed by a bank loan
False
True
8
Only use your credit cards for.......
A. Items you can't afford right away
D. The free airline miles
B. Rent and utilities
C. Items you can pay for with cash
9
Which athlete has filed for bankruptcy
C. Terrell Owens
B. Allen Iverson
D. All of the above
A. Sheryl Swoops
10
When is it easiest to save money?
A. 30's
B. 40's
C. When I have more money
D. It doesn't matter, saving is always a challenge
11
When budgeting for success you should spend what percentage of your net income on housing?
B. 30%
A. 15%
D. It depends on what you make
C. 45%
12
Buying a single company's stock usually provides a safer return than a stock mutual fund
False
True
13
Who has 200 immediate cousins?
B. Cali
D. Dazia
C. Sierra
A. JMac
14
The two biggest factors affecting your credit score are
C. The amount owed & payment history
B. Yearly salary & savings account total
A. Payment history & credit age
D. The amount owed & yearly salary
15
Saving just 5 dollars per day, at 6% interest, will be worth how much in 45 years?
B. $150,000
A. $420,000
C. $75,000
D. $207,000
16
Last Question.......Is New Years Eve overrated?
No
Yes
17
Credit reporting agencies can have inaccuracies in their reports
False
True
18
All of the following are credit reporting agencies
except
D. TransUnion
C. Experian
A. Equifax
B. Credit Karma
19
The average interest rate on a credit card is
D. 30 - 40 percent
B. 10 - 20 percent
C. 20 - 30 percent
A. 5-10 percent
20
Who loves Water Polo?
C. Lo
B. Crit
A. Angel
D. Tae
21
In a healthy budget, how much of your net income should go towards debt
C. 5 percent
B. 10 percent
A. 25 percent
D. It depends on income
22
How much should someone save in an emergency fund
C. 1-3 months rent
B. 3-9 months of expenses
D. 10,000 dollars
A. 1000 dollars
23
Budgeting is all about intentional categorizing of your money
True
False
24
Who loves Captain America?
D. Sierra
B. Jaz
A. Jade
C. Maddie
25
When an investment becomes more valuable over time it is said to.....
A. Vest
B. Appreciate
C. Amortize
D. Gain inflation
26
All of the following are things you can do to manage your spending
EXCEPT
Pay yourself first
Get a second job
Make a plan for spending
Slow down your purchasing decisions
27
With a credit score in the 300-600 range
B. You'll need to work hard to improve your score
A. Getting a card should be easy
C. Getting a card will be a problem
D. Both B and C
28
You should make decisions with your money based on:
B. Net Pay
D. All of the above
C. Pre-tax Dollars
A. Gross Pay
