Deck 1: Money Matters

Question 1

Which of the following typically offers lower costs for financial services (checking accounts or loans,for example)?

A) Banks
B) Credit unions

Answer 1

B

Question 2

The benefit of qualifying for grants and student loans is that you don't need to pay them back.

Answer 2

False

Question 3

Managing money is a skill as important and challenging as reading and writing.

Answer 3

True

Question 4

According to a source at the University of Indiana,credit card debt can be more dangerous to your college success than academic failure.

Question 5

If you make poor choices with your credit card in college,what consequences could result?

A) You could have trouble purchasing a home or a car.
B) You could lose out on a job.
C) You could be charged higher interest rates on future credit cards.
D) All of the above.