Which of these BEST describes the purpose of a credit report?
Responses
A It determines whether or not a person will have a place to live.It determines whether or not a person will have a place to live.
B It helps lenders decide whether or not to loan a person money.It helps lenders decide whether or not to loan a person money.
C It prevents a person from putting their money in a bad investment.It prevents a person from putting their money in a bad investment.
D It alerts consumers when products they use are being recalled by a company.It alerts consumers when products they use are being recalled by a company.
B It helps lenders decide whether or not to loan a person money.
Which personal item of information should always be safeguarded to help secure your identity from theft?
Responses
A Your mother's birthdateYour mother's birthdate
B Your phone numberYour phone number
C Your home addressYour home address
D Your Social Security number
D Your Social Security number
Which situation ONLY describes a purchase with a credit card?
Responses
A Nancy purchased a movie ticket with her card. The money came straight out of her checking account.Nancy purchased a movie ticket with her card. The money came straight out of her checking account.
B Mike took his mother out to eat. He handed the waitress a card to purchase the meal. This charge appeared on a bill he received two weeks later.Mike took his mother out to eat. He handed the waitress a card to purchase the meal. This charge appeared on a bill he received two weeks later.
C Don pays for lunch with his card. Each time he uses this card his checking account decreases.Don pays for lunch with his card. Each time he uses this card his checking account decreases.
D Ally loves her card because it is convenient to use, and she doesn't have to carry cash.
B Mike took his mother out to eat. He handed the waitress a card to purchase the meal. This charge appeared on a bill he received two weeks later.
Consider the first 4 transactions in this check register. For what check number did a mistake occur in calculating the balance when the check amount was debited from the register?
Responses
A check #105check #105
B check #102check #102
C check #103check #103
D check #104
C check #103
How many more years would a high school graduate have to work to earn the same amount of money as a person with a bachelor's degree who worked 20 years (to the nearest tenth)?
Responses
A 16.4 years16.4 years
B 38.8 years38.8 years
C 18.8 years18.8 years
D 22.2 years
B 38.8 years
Which account information is retained in a credit report?
Responses
A closed accountsclosed accounts
B closed, current, and delinquentclosed, current, and delinquent
C current accountscurrent accounts
D delinquent accounts
B closed, current, and delinquent
The table shows the effect of education on annual income. Based on the information in the table, which statement is true?
Responses
A A person with a Bachelor's degree will earn more than 1.5 times as much per year as a person with an Associate's degree.A person with a Bachelor's degree will earn more than 1.5 times as much per year as a person with an Associate's degree.
B A person with a Associate's degree will earn more than 1.5 times as much per year as a person with a high school diploma.A person with a Associate's degree will earn more than 1.5 times as much per year as a person with a high school diploma.
C A person with a Associate’s degree will earn about 1.2 times per year more than a person with a high school diploma.
C A person with a Associate’s degree will earn about 1.2 times per year more than a person with a high school diploma.
The table shows the effect of education on annual income. Based on the information in the table, which statement is true?
Responses
A A person with a Bachelor's degree will earn more than 1.5 times as much per year as a person with an Associate's degree.A person with a Bachelor's degree will earn more than 1.5 times as much per year as a person with an Associate's degree.
B A person with a Associate's degree will earn more than 1.5 times as much per year as a person with a high school diploma.A person with a Associate's degree will earn more than 1.5 times as much per year as a person with a high school diploma.
C A person with a Associate’s degree will earn about 1.2 times per year more than a person with a high school diploma.A person with a Associate’s degree will earn about 1.2 times per year more than a person with a high school diploma.
D A person with a Bachelor’s degree will earn about 1.75 times per year more than a person with with an Associate's degree.
whats the answer???
D A person with a Bachelor’s degree will earn about 1.75 times per year more than a person with with an Associate's degree.
Kristi is searching career possibilities. She found that an accountant requires a Bachelor's degree, and the median salary is $61,690 a year. She also found that an insurance agent requires a high school diploma, and the median salary is $46,770 a year. In 10 years, how much more would an accountant earn than an insurance agent?
Responses
A $746000$746000
B $74600$74600
C $149200$149200
D $14920
C $149200
When considering the cost of paying for college, which statement is NOT true?
Responses
A The FASFA is used to calculate the student’s Expected Family Contribution (EFC).The FASFA is used to calculate the student’s Expected Family Contribution (EFC).
B Grants do not have to be paid back unless you withdraw from school before completing the semester.Grants do not have to be paid back unless you withdraw from school before completing the semester.
C Grants are mostly awarded on merit and rarely awarded based on financial need.Grants are mostly awarded on merit and rarely awarded based on financial need.
D To receive a grant you must complete a Free Application for Federal Student Aid (FASFA).
C Grants are mostly awarded on merit and rarely awarded based on financial need.
When considering the cost of paying for college, which kind of aid MUST be repaid.
Responses
A work-studywork-study
B scholarshipsscholarships
C grantsgrants
D student loansstudent loans
D student loans
When considering saving for the cost of college, which are consider free-money?
Responses
A scholarships and grantsscholarships and grants
B scholarships and savingsscholarships and savings
C grants and student loansgrants and student loans
D student loans and work-study
A scholarships and grants
What is the balance after Anna writes check #1620?
Responses
A $1536.24$1536.24
B $1606.42$1606.42
C $1760.61$1760.61
D $1734.81
D $1734.81
When comparing debit cards to credit cards, which statement is TRUE?
Responses
A Both debit cards and credit cards can improve a credit score.Both debit cards and credit cards can improve a credit score.
B Debit cards make tracking day-to-day spending easier than credit cards.Debit cards make tracking day-to-day spending easier than credit cards.
C Debit cards are more secure than credit cards for online purchases.Debit cards are more secure than credit cards for online purchases.
D Debit cards make it easier to fall into debt than credit cards.Debit cards make it easier to fall into debt than credit cards.