Introducing
Your new presentation assistant.
Refine, enhance, and tailor your content, source relevant images, and edit visuals quicker than ever before.
Trending searches
Financial Literacy Quiz
2
Question 1
Answer
Question 2
Answer
How do Federal student loans differ from private student loans?
B. Private student loans are based on credit.
A subsidized student loan means?
The federal government pays the interest on this loan while you are enrolled in college.
Question 3
Answer
Question 4
Answer
How does a debit card differ from a credit card?
Which answer below lists financial aid awards in order of most to least desirable?
D. All of the above.
C. Grant, Subsidized Stafford Loan, Unsubsidized Stafford Loan, Parent Plus Loan, Private Student Loan.
Financial Literacy Quiz
Question 5
Question 6
Answer
D. All of the above.
A credit card company can increase your interest when...
You pay the balance on your credit card in full each month. You should select a credit card with...
A. No annual fee.
Answer
Question 8
Answer
Question 7
Which of the following events affect your credit score?
Credit scores are used to help evaluate ___________ applications.
You apply for a credit card.
D. All of the above.
Question 9
Answer
Question 10
Answer
C. Seven
What are the two most important factors when your credit score is calculated?
A. Payment history and amounts owed.
Negative items (excluding bankruptcy) can generally remain on a credit report for ________ years.
Answer
Question 12
Question 11
B. Rent
B. It is the amount the lender deducts from the loan amount you requested.
It is the end of the month, and you have enough money to pay only one bill. Which would be the most important to pay first?
In relation to student loans, what is an origination fee?
Question 13
Answer
Question 14
D. All of the above.
B. The interest rate is higher than my rate on purchases.
When I use my credit card for a cash advance transaction:
Which of the following is considered to be part of budgeting?
Answer
Question 15
Question 16
Each year, Federal regulations entitle a consumer to...
D. One free credit report from each of the three major credit bureaus.
C. Purchases made within 25 days after your statement don't accrue interest.
A grace period of 25 days on a credit card in which the balance is paid in full each month means: