Financial Literacy EOC Review #1

Front

Payment history accounts for around _______ of your credit score.

Back

35%.

Front

The 3 credit bureaus that determine your FICO score are: Equifax, Transunion, and Experian, Transamerican, Equality, Experience, Transparcel, Equin, Faxqui, Crederian, Equiunion, Experfax

Back

Equifax, Transunion, and Experian

Front

The fee charged by the credit card company every year for the use of the credit card

Back

annual fee

Front

The length of time that the lender charges no interest and you can pay your balance off in full each month.

Back

grace period

Front

All of the following are factors that contribute to your FICO credit score except: Credit History, Length of Credit, Payment History, Properties owned/rented

Back

Properties owned/rented

Front

Which of the following accounts is the MOST liquid? Checking Account, Regular Savings Account, Certificate of Deposit, Money Market Account

Back

Checking Account

Front

Which of the following account types is the LEAST liquid? Checking Account, Regular Savings Account, Money Market Account, Certificate of Deposit

Back

Certificate of Deposit

Front

Which of the following is a fixed expense? Gas, Groceries, Car Insurance Payment, Electric Bill

Back

Car Insurance Payment

Front

What is compound interest?

Back

interest earned on both principal and earned interest

Front

What is simple interest?

Back

interest earned on principal once during a certain time period