Question 1

Which would be the MOST secure password for your bank account?

Accepted Answer

A)  Password 
B)  Rover99 
C)  97Da#3bc! 
D)  AuntBetsylovesme 
A)  Password 
B)  Rover99 
C)  97Da#3bc! 
D)  AuntBetsylovesme

Question 2

A spending plan that tracks all sources of income and expenses during a set period of time is a

Accepted Answer

A)  grant. 
B)  budget. 
C)  scholarship. 
D)  line of credit. 
A)  grant. 
B)  budget. 
C)  scholarship. 
D)  line of credit.

Question 3

As you consider your finances, what do you think will be your biggest challenge to living on a budget (for example, buying less new music, buying fewer clothes)? How can you overcome this challenge? Include examples in your response.

Accepted Answer

Answers will vary. Students should refle

Question 4

Tuition is a type of

Accepted Answer

A)  expense. 
B)  income. 
C)  credit. 
D)  grant. 
A)  expense. 
B)  income. 
C)  credit. 
D)  grant.

Question 5

Which is NOT a factor taken into consideration when determining your credit score?

Accepted Answer

A)  how many credit cards you have 
B)  whether you have a car loan 
C)  whether you have maintained an average or better grade point average 
D)  whether you have made late payments on your utility bills 
A)  how many credit cards you have 
B)  whether you have a car loan 
C)  whether you have maintained an average or better grade point average 
D)  whether you have made late payments on your utility bills

Question 6

Given the option, would you prefer to work on-campus or off-campus, and why? Include examples to support your position.

Accepted Answer

Answers will vary. Students should discu

Question 7

In the context of scholarships, need refers to

Accepted Answer

A)  your academic standing. 
B)  your past accomplishments in the arts or athletics. 
C)  what your family can afford to contribute toward your tuition. 
D)  the total cost of your tuition. 
A)  your academic standing. 
B)  your past accomplishments in the arts or athletics. 
C)  what your family can afford to contribute toward your tuition. 
D)  the total cost of your tuition.

Question 8

For most students, some level of borrowing to pay for college is both necessary and prudent.

Accepted Answer

A) True 
 B)False

Question 9

When completing the FAFSA, you should try to do it in sections rather than tackling all of it at once.

Accepted Answer

A) True 
 B)False

Question 10

What is your spending philosophy? Easy come, easy go? A penny saved is a penny earned? Describe your approach to spending and saving money and explain why you feel this way.

Accepted Answer

Answers will vary. S

Question 11

A fixed expense is

Accepted Answer

A)  a one-time expense. 
B)  any recurring expense. 
C)  an expense that costs the same amount each time you pay it. 
D)  an expense that costs a different amount each time you pay it. 
A)  a one-time expense. 
B)  any recurring expense. 
C)  an expense that costs the same amount each time you pay it. 
D)  an expense that costs a different amount each time you pay it.

Question 12

If you take out a student loan, you will not have to pay interest.

Accepted Answer

A) True 
 B)False

Question 13

Identify three ways in which you can cut your expenses.

Accepted Answer

Answers will vary but should include thr

Question 14

Making late payments on credit cards can increase your credit score.

Accepted Answer

A) True 
 B)False

Question 15

Which type of loan is available only to a student's parents?

Accepted Answer

A)  private student loan 
B)  subsidized federal student loan 
C)  unsubsidized federal student loan 
D)  Parent Loan for Undergraduate Students (PLUS) 
A)  private student loan 
B)  subsidized federal student loan 
C)  unsubsidized federal student loan 
D)  Parent Loan for Undergraduate Students (PLUS)

Question 16

What is the primary difference between subsidized and unsubsidized federal student loans?

Accepted Answer

Correct answers should note that subsidi

Question 17

Capitalization means that

Accepted Answer

A)  no interest will be charged to your college loan. 
B)  you can choose what the interest rate will be for your loan. 
C)  the interest on your college loan is paid by the government. 
D)  the interest on your college loan is added to the money you owe. 
A)  no interest will be charged to your college loan. 
B)  you can choose what the interest rate will be for your loan. 
C)  the interest on your college loan is paid by the government. 
D)  the interest on your college loan is added to the money you owe.

Question 18

How is a debit card different from a credit card?

Accepted Answer

Correct answers should note that a credi

Question 19

If you are attending a four-year school, when do you need to file for financial aid?

Accepted Answer

A)  every year 
B)  only your first year 
C)  your first and third years 
D)  your first and last years 
A)  every year 
B)  only your first year 
C)  your first and third years 
D)  your first and last years

Question 20

You CANNOT use a debit card to

Accepted Answer

A)  build a credit history. 
B)  pay many types of bills online. 
C)  purchase products from a store. 
D)  access money in your checking account. 
A)  build a credit history. 
B)  pay many types of bills online. 
C)  purchase products from a store. 
D)  access money in your checking account.

Which would be the MOST secure password for your bank account?

A spending plan that tracks all sources of income and expenses during a set period of time is a

As you consider your finances, what do you think will be your biggest challenge to living on a budget (for example, buying less new music, buying fewer clothes)? How can you overcome this challenge? Include examples in your response.

Tuition is a type of

Which is NOT a factor taken into consideration when determining your credit score?

Given the option, would you prefer to work on-campus or off-campus, and why? Include examples to support your position.

In the context of scholarships, need refers to

For most students, some level of borrowing to pay for college is both necessary and prudent.

When completing the FAFSA, you should try to do it in sections rather than tackling all of it at once.

What is your spending philosophy? Easy come, easy go? A penny saved is a penny earned? Describe your approach to spending and saving money and explain why you feel this way.

A fixed expense is

If you take out a student loan, you will not have to pay interest.

Identify three ways in which you can cut your expenses.

Making late payments on credit cards can increase your credit score.

Which type of loan is available only to a student's parents?

What is the primary difference between subsidized and unsubsidized federal student loans?

Capitalization means that

How is a debit card different from a credit card?

If you are attending a four-year school, when do you need to file for financial aid?

You CANNOT use a debit card to

Taking the First Step

Cultivating Motivation, Resilience, and Emotional Intelligence

Managing Your Time

Learning and Thinking in College

Getting the Most Out of Class

Reading to Learn

Taking Exams and Tests

Developing Information Literacy and Communication Skills

Considering Majors and Careers

Connecting With Others in a Diverse World

Staying Healthy

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Exam 11: Managing Money

Which would be the MOST secure password for your bank account?

A spending plan that tracks all sources of income and expenses during a set period of time is a

As you consider your finances, what do you think will be your biggest challenge to living on a budget (for example, buying less new music, buying fewer clothes)? How can you overcome this challenge? Include examples in your response.

Tuition is a type of

Which is NOT a factor taken into consideration when determining your credit score?

Given the option, would you prefer to work on-campus or off-campus, and why? Include examples to support your position.

In the context of scholarships, need refers to

For most students, some level of borrowing to pay for college is both necessary and prudent.

When completing the FAFSA, you should try to do it in sections rather than tackling all of it at once.

What is your spending philosophy? Easy come, easy go? A penny saved is a penny earned? Describe your approach to spending and saving money and explain why you feel this way.

A fixed expense is

If you take out a student loan, you will not have to pay interest.

Identify three ways in which you can cut your expenses.

Making late payments on credit cards can increase your credit score.

Which type of loan is available only to a student's parents?

What is the primary difference between subsidized and unsubsidized federal student loans?

Capitalization means that

How is a debit card different from a credit card?

If you are attending a four-year school, when do you need to file for financial aid?

You CANNOT use a debit card to

Taking the First Step

Cultivating Motivation, Resilience, and Emotional Intelligence

Managing Your Time

Learning and Thinking in College

Getting the Most Out of Class

Reading to Learn

Taking Exams and Tests

Developing Information Literacy and Communication Skills

Considering Majors and Careers

Connecting With Others in a Diverse World

Staying Healthy

Filters