AQR 7th Period - Finance

TRUE or FALSE: Failing to pay your credit card bill on time can negatively affect your credit score.

• True
• False

Mutual funds pool deposits from investors to purchase securities. Which of the following is true about mutual funds?

• Investors do not have to pay taxes on gains from mutual funds
• You can invest in mutual funds only when you pass your 18th birthday
• Mutual funds are typically less safe than Certificates of Deposit
• Mutual funds cannot be bought in retirement accounts

TRUE or FALSE: The more money you make the better your credit score.

• True
• False

What is an academic term lasting approximately three months?

• Semester
• Trimester
• Quarter
• Mini-Mester

TRUE or FALSE: Your credit card account is not opened until you activate it by calling the toll-free number.

• True
• False

What is the term for the records of all of your courses kept by the Registar's Office?

• Tuition
• Receipt
• Degree
• Transcript

TRUE or FALSE: Your entire monthly payment will go toward reducing your balance.

• True
• False

Vocabulary: An expense that changes from month to month

• transaction expense
• finance expense
• variable expense
  variable expense
• balance

What is the cost for courses?

• Fees
• Tuition
• Application
• Private

TRUE or FALSE: Credit card companies cannot charge any interest above 28.99%

• True
• False