
Deca 28-36
Flashcard
•
Other
•
9th - 12th Grade
•
Practice Problem
•
Hard
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9 questions
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1.
FLASHCARD QUESTION
Front
A person decided to have six months of income in an emergency savings account. Is this a good decision?
Back
Yes, because the money in the emergency account can be used if he loses his job.
2.
FLASHCARD QUESTION
Front
Students applying for financial aid to attend college usually need to
Back
complete a Free Application for Federal Student Aid (FAFSA) form.
3.
FLASHCARD QUESTION
Front
A person choosing a mortgage usually selects a fixed-rate loan because she knows that
Back
the interest rate remains the same for the life of the mortgage.
4.
FLASHCARD QUESTION
Front
Why does a bank pay interest to a depositor?
Back
The bank is able to use deposits to earn profits.
5.
FLASHCARD QUESTION
Front
It is generally better for a person to buy a home that she can afford than to rent an apartment because she will
Back
build equity.
6.
FLASHCARD QUESTION
Front
Which of the following would be considered an asset? A. Credit card account. B. Checking account. C. Car loan. D. Student loan.
Back
Checking account.
7.
FLASHCARD QUESTION
Front
“Paying yourself first” is a strategy to
Back
build savings.
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