ECONOMICS/PERSONAL FINANCE Final Exam

Front

What does the S in the SMART Goals acronym represent? Options: Smart, Safe, Specific, Start

Back

Specific

Front

What does the R in the SMART Goals acronym represent? Options: Relevant , Relationship, Real, Rate

Back

Relevant

Front

The savings tool that offers tiered interest rates that are dependent on the balance amount is called a...

Back

Money Market

Front

The insurance protection agency that protects most credit union accounts up to $250,000 is called the...

Back

NCUA

Front

Bank accounts in most banks are protected by the FDIC by up to $_____

Back

$250,000

Front

This type of for-profit financial institution is owned by its investors.

Back

Bank

Front

Which of the following debts cannot be erased if filing for bankruptcy? Medical debt, Student loans, Credit card debt, Utility bill debt

Back

Student loans

Front

Which type of student loan has the federal government pay the interest while the student is attending school? Options: Subsidized, Unsubsidized

Back

Subsidized

Front

Which types of student loans have interest rates that can change over time with or without notice? (Options: Private student loans, Federal student loans)

Back

Private student loans

Front

Scholarships and grants are unique in that the student who is awarded them...

Back

will not have to pay back the amount over time.