Personal Financial Literacy 3rd Nine Weeks Exam
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Personal Financial Literacy 3rd Nine Weeks Exam
Quiz
•
Mathematics
•
9th Grade
•
Medium
+12
Standards-aligned
April Smith
Used 2+ times
FREE Resource
41 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
________: To grow or accumulate over time; to happen as a natural result.
Accrue
Annual loan limit
Award Letter
Borrower
Tags
CCSS.RI.11-12.3
CCSS.RI.8.3
CCSS.RI.8.5
CCSS.RI.9-10.3
CCSS.RI.9-10.5
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
________:The maximum federal student loan eligibility per academic year. For Direct Loans, loan limit is $5,500 for freshman, $6,500 for sophomores and $7,500 for juniors/seniors.
Accrue
Annual loan limit
Award Letter
Borrower
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
________:Lists the types and amounts of financial aid the student is eligible for. To finalize the award package, the student must sign and return the award letter to the Financial Aid office.
Accrue
Annual loan limit
Award Letter
Borrower
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
________:The individual who signed and agreed to the terms in the promissory note and is responsible for repaying a loan. For a federal student loan, the student is solely responsible for the loan.
Accrue
Annual loan limit
Award Letter
Borrower
Tags
CCSS.RI.11-12.3
CCSS.RI.8.3
CCSS.RI.8.5
CCSS.RI.9-10.3
CCSS.RI.9-10.5
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
_____: Unpaid interest that has been added to the principal balance of a federal student loan. If you don't make interest payments on your unsubsidized loans while you are in college, that interest will be capitalized.
Capitalized Interest (Capitalization)
Default
Forberarance
Delinquency
Tags
CCSS.RI.11-12.5
CCSS.RI.6.5
CCSS.RI.7.5
CCSS.RI.8.5
CCSS.RI.9-10.5
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
_____:funds paid out by a business or individual to cover expenses.
Capitalized Interest (Capitalization)
Disbursement
Forberarance
Delinquency
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
_____:Failure to repay a loan according to the terms agreed to. Has a dramatic and negative impact on the borrower's credit score.
Capitalized Interest (Capitalization)
Disbursement
Forberarance
Default
Tags
CCSS.RI.11-12.5
CCSS.RI.6.5
CCSS.RI.7.5
CCSS.RI.8.5
CCSS.RI.9-10.5
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