I.L. Midterm Review - SPRING 2024
Quiz by Bobbie Jarvis
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25 questions
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- Q1A plan for spending and saving money and paying expenses:Checking accountBudgetSavings accountCredit score30s
- Q2What does the “A” in SMART Goal stand for?AbsoluteAttainableApplicableAccurate30s
- Q3What is the definition of a long term goal:Takes months or years to reachTakes a few days to reachTakes a few weeks to reachTakes a few days to a few weeks to reach30s
- Q4An expense that remains the same amount every month, an example would be rent or a car payment.Fixed expenseBillsVariable expenseLiving expenses30s
- Q5A number assigned to a person that indicates to lenders their capacity to repay a loan.Social security numberCredit scorePin numberRepayment grade30s
- Q6Luna just moved into a new apartment. She attends college and works part-time at Starbucks. Luna opened a new credit car to purchase all new furniture and a Play Station 5 for her apartment. She maxed out her new card at the $5000.00 limit. She opened another credit card account with her credit union. She spent$1000.00 on clothes and a new iphone. Her budget is tight but she can probably make the minimum payments on her cards with her tips from work. Will her credit score go up or down?UpDown30s
- Q7Skills that will easily transfer into most jobs and are desired by most employersIndependent Living skillsOutgoing personalitySoft skillsAcademic skills30s
- Q8The act of meeting and interacting with others to develop professional contactsNetworkingInterviewingSocializingJob search30s
- Q9An event where multiple employers can meet with potential employeesHouse partyJob fairInterviewsRecruitment30s
- Q10A person who owns property and rents itA nice personTenantLandlordMortgage30s
- Q11Government owned housing offered to low-income families, people who are disabled, and the elderlyApartmentsShort term housingPublic housingMortgage loans30s
- Q12Never put this in the microwave:MetalTupperwareFishPlastic30s
- Q13A contract between a landlord and a tenant that conveys land, property, services, etc. to another for a specified time, usually in return for a periodic paymentMortgageAuto loanLeaseInterest Rate30s
- Q14A loan to help you purchase a home.LeaseInterest RateMortgageAuto loan30s
- Q15Job applicants must send a cover letter ___________ sending their resume.AfterWhenBefore30s