BM Semester 2 Final 2023

What is the key to failure?

• Never embracing it

• Avoiding it

• Talking about it

• Learning from it

You can fund your education by finding the right mix of what three things?

• cash, loans, grants

• grants, scholarships, work

• work, loans, cash

• scholarships, trust funds, federal aid

It takes the average person ____ years to pay off their student loan debt.

• 20

• 10

• 5

• 2

Many service industries, including massage therapy, financial services, auto repair, electrical work and plumbing, don't require four-year degrees.

• True

• False

Scholarships are a great way to fund your education because you don't have to ...

• pay them back

• be a student

• apply for them

• write an essay

If you see "pending" on an account charge, that means...

• You need to make a deposit before it is paid

• The payment was declined

• It hasn't been fully processed yet

• It is suspected of being a fraudulent charge

With online banks, all of your deposits, transfers, and bill payments happen digitally, but...

• Online banks should never be trusted

• These banks do not offer interest on savings accounts

• It's often more difficult to get in touch with a real person when you need assistance

• They do not provide a debit card

Liquidity is ...

• How quickly and easily you can access your money

• A great way to find a financial service that's right for you

• When you deposit silver or gold and they liquify it for you

• How money flows from bank to bank

Banks invest their customer's deposited money and then...

• Earn interest, keeping all of it as their own profit

• Typically lose some of it in risky investment deals

• Pay their customers 100% of the earned interest

• Earn interest, paying the customer a small amount of interest on their accounts

When deciding on the right bank for you, you should first identify what type of bank you want, the features that matter most to you, and ...

• What kind of accounts you want

• What type of home you want to own someday

• How large your savings account is

• If you want to go to an Ivy League or community college