A (___________________) includes information
about how well you manage money.
A credit card
B checking account
C work-study program
D credit history
Banks use your (______________) to decide
whether to give you a loan or credit card.
A credit card
B credit score
C deposits
D withdrawal
B credit score
is this true
Yes, that is true. Banks and other financial institutions use your credit score, which is based on your credit history, to determine whether or not you are a good candidate for a loan or credit card. Your credit score takes into account factors such as payment history, debt-to-income ratio, and length of credit history. The higher your credit score, the more likely you are to be approved for credit with favorable terms and interest rates.
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(__________) are financial aid offered to students who qualify to borrow money to pay for college. The money must be repaid and usually with interest after you graduate from college.
A Grants
B Scholarships
C Loans
D Banks
C Loans
is this true
Yes, that is true. Loans are a type of financial aid that must be repaid with interest after the student graduates from college. Loans are often offered by government agencies, financial institutions, or other organizations to assist students with the cost of higher education. Unlike grants and scholarships, loans require repayment and may accrue interest over time. It's important for students to carefully consider the terms of any loan they accept, and to make sure they have a plan for repayment after graduation.
Money you put into an account is called a (__________).
A grant
B income
C deposit
D withdrawal
C deposit
is this true
Yes, that is true! A deposit is the term used to describe money that is put into a bank account. Deposits can come in various forms such as cash, checks, money orders, or electronic transfers, and are often used to store or save money for future use, earn interest or avoid carrying around a lot of physical cash. Some bank accounts may require a minimum deposit to be made at the time of account opening, while others may allow deposits to be made at any time and in any amount, depending on the type of account.
what is a scholarship
A scholarship is a type of financial aid that is awarded to students to help pay for their education expenses. Scholarships do not have to be repaid and are often awarded based on merit or need. The criteria for granting scholarships vary widely, but they are generally awarded based on academic achievements, athletic accomplishments, community involvement, or special talents. Scholarships can come from a variety of sources, including universities, private organizations, nonprofits, corporations, or even the government. Students may have to meet certain eligibility requirements or submit an application to compete for scholarships.
what is a grant
A grant is a type of financial aid that is given to students, organizations or individuals to provide funding for a specific project or purpose. Grants can be awarded by the government, private organizations, or even individuals, and unlike loans, grants do not have to be repaid. Grants are offered to support education, research, arts, social services, health care, scientific research, and other fields. Grants are often awarded based on merit, need, or some specific criteria, and the amounts can vary widely, from a few hundred dollars to thousands or even millions of dollars. Grant opportunities are often competitive and require applicants to meet specific eligibility criteria and provide detailed proposals, budgets, and reporting on how the funds are used.
A (___________) is money awarded to students based on achievement and is often based on grade point average or other acomplisments
A grant
B savings
C loans
D scholarships