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Q 1/70
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1. When you’re older and out of school, you’ll need to grow your emergency fund into a full three to six months’ worth of expenses.
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Q 2/70
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2. You must shop for the best price for your education in the same way you comparison shop for any large purchase.
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70 questions
Q.
1. When you’re older and out of school, you’ll need to grow your emergency fund into a full three to six months’ worth of expenses.
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Q.
2. You must shop for the best price for your education in the same way you comparison shop for any large purchase.
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3. You’ll only need to complete the FAFSA once during your college education.
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4. Teens and young adults are a huge target of credit card companies.
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5. Most Americans avoid the use of credit when it comes to buying big-ticket items like a car or furniture for their home.
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6. Everyone should have the same financial plan. A budget that works for one person should be sufficient for everyone.
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7. Once you write your budget, it’s impossible to change it.
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8. If you plan to attend a community college for your first two years, you’ll want to work closely with your advisor to make sure that the classes you take will transfer to your four-year school of choice.
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9. When you invest, your goal is to earn a negative rate of return on investment.
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10. Detailed categories on your budget will help you make better spending decisions.
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11. Debt can cause stress and gets in the way of pursuing your dreams and passions.
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12. Having more than one bank account is never a good idea since it can complicate money management.
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13. A Certificate of Deposit (C.D.) is a great way to invest your money to get a high return.
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14. If you're young and healthy, medical insurance is not as necessary.
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15. While it may not always appear so, the majority of Americans live paycheck to paycheck.
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16. A car is a depreciating asset.
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17. Part of being a smart consumer is being able to....
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18. The persistent rise in the cost of goods and services.
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19. An example of discretionary spending is _____________.
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20. The very best investment you can make is in ___________.
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21. When it comes to managing money, success is about ____ % knowledge and ____% behavior.
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22. Part of making a plan to _________ involves searching for scholarships, saving, and talking with your family about what kind of financial help you'll get.
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23. Insurance helps you transfer the ___________ from your bank account to the insurance company.
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24. Which of the following statements about college financial aid is false?
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25. It's wise to have ___________ because even if you're a great driver, there are plenty of people who aren't.
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26. Which of the following is something that a typical millionaire would do?
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27. An investent that represents part ownership of a company is called a(n) __________________.
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28. Investing your money earns you more money because of........
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29. 45% of Americans have less than $1,000 saved for a(n)_____________.
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30. The interest rate on a savings account determines....
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31. Which of the following is not a factor in determining a FICO score?
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32. The benefit of diversification in your investments is:
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33. Which of the following could be a negative consequence of taking out student loans?
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34. Which of the following statements is false?
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35. The average student loan debt is about
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36. Car lease agreements come with a stipulation that you must pay a penalty if you _______________.
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37. _____________ is an example of a soft skill.
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38. In some cases, employers will match the employee contribution, but you should fund your plan whether your company matches or not. This statement refers to:
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39. When buying and selling investments, you should not:
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40. Life insurance guarantees your loved ones get a certain amount of money when you
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41. Comprehensive coverage pays for loss or damage to your car caused by _______________.
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42. Which of the following can be a challenge when managing money on your own as a young single adult?
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43. You should communicate your money goals with your parents and others close to you because:
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44. At your age, a fully funded emergency fund should be:
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45. The budget is your written plan and tells _________ __________ where to go.
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46. Saving takes the maturity to say, “_____” to purchases.
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47. How many categories should you have in your budget?
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48. What are the Four Walls?
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49. It takes the average person _________ to pay off their student loan debt.
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50. Never invest using money.
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51. A two-year degree with specialized training, a flexible schedule, and lower educational costs is called a(n) ___________.
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52. Most employers care more that you're educated in your field than they care about.....
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53. The amount of money the insurance company agrees to pay for an incident is called. ______________.
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54. People who rely on you financially are called your ___________.
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55. Your resume should NOT include _____________.
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56. The zero-based budget is the best method of budgeting because:
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57. If you invested in a group of foreign countries’ company stocks, you would call that a:
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58. In return for paying the insurance company a fee, they will......
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59. Which of the following is NOT an example of an employee benefit?
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60. Through the Affordable Care Act, you can stay on your parents' health insurance until.....
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61. What is a deductible?
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62. If you're a victim of card fraud....
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63. Once your turn 18, you should regularly check your credit report...
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64. The _____________ is the total amount of the car loan, plus taxes and fees.
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65. Roth IRA, 401(k), 403(b), and Employee Pension are all examples of
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66. Mutual funds are less risky and can outperform the stock market because.....
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67. Which statement is true for MOST high school students
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68. The state of Kansas does not have an income tax.
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69. Which of the follow could you possibly receive a refund from on your taxes
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In relation to taxes, which of the following statements is true?
