Financial Literacy Re-Quiz #2

A payment option that allows you to work on campus at your college and earn money is called what type of payment option?

• scholarship
• loan
• pell grant
• work-study program

Tags

CCSS.RI.5.5

CCSS.RI.6.3

CCSS.RI.6.5

CCSS.RI.7.3

CCSS.RI.7.5

A type of college payment option that you receive for maintaining excellent grades and performing well (merit) on standardized test is called what type of payment option?

• a work-study
• a scholarship
• a loan
• a savings plan

(6.14G) Which list contains methods to pay for college that do not require students to make payments back to lenders?

• student loans and work-study
• scholarships, student loans, and savings
• savings, scholarships, and grants
• grants, scholarships, and student loans

Which action will raise your credit score?

• Paying bills late.
• Acquiring lots of loans.
• Borrowing more money than you can repay.
• Paying bills on time.

Routinely paying my bills late could negatively affect my credit history.

• True

• False

True or False: Negative information stays on your credit report for 7-10 years.

• True
• False

Attending college or vocational training beyond a high school degree offers what benefits?

• All people with college degrees or vocational training have jobs.
• Those with college degrees generally earn more money over their lifetime than those with only a high school diploma.
• Attending a vocational school or college will guarantee you find a job that you will love.
• People with college degrees or vocational training are happier people.

What is included under credit history on a credit report?

• Dates started
• Liens
• Date of birth
• Late Payments

What can low credit scores lead to?

• High interest rates.
• Denial of credit.
• Denial of employment.
• All of the above.

What degree provides the highest earning potential in pay?

• High School  Diploma
• Associate's Degree
• Undergraduate Degree
• Master's Degree