Exam 2: Focus On: Improving Your Financial Health

Juana is a junior in college and receives scholarship funds at the beginning of each semester.In the past,this money has been sufficient to cover her costs each term.But this fall she ran out of money before the term was over.Which of the following is the MOST sensible step she can take to make sure she doesn't run out in the spring?

If your ATM or debit card is stolen and used,you be responsible for all charges put on the card if you fail to report the theft within

Why might a person's first credit card have a high APR?

Soraya is trying to avoid running out of money every month.She has asked her employer to deposit her paycheck directly into her bank account.She has also cut back on expenses by eating out just once a week,driving her car as little as possible,and limiting visits to her favorite coffee shop.She has also put all discretionary purchases on her credit card so that she can pay for everything at the end of the month.What do you think she should do to avoid running out of money every month?

What does a credit score evaluate?

Approximately how many Americans were affected by identity theft in 2013?

Credit is essentially the same as

What was the financial loss to Americans from identity theft in 2013?

Lower socioeconomic status is associated with

Updating computer software can help guard against identity theft.

What is one advantage of debt?

Identify at least two advantages and two disadvantages of working your way through college.

Which of the following is a good way to cut spending and keep to your budget?

Identify five reasons why federal student loans are generally preferable to private loans.

A principal reason for making a budget is to

Recent changes in credit card rules can be obtained from the

Why is identity theft such a problem today?

For students,a federal loan is usually preferable to a private loan because

With credit cards,the credit limit and APR are the same.

Relative deprivation is