Unit 2 quiz

1.) A two-year college degree, typically earned through a community college or vocational-tech school.

• Associates

• Bachelors

2.) A four-year college degree, typically earned through a University.

• Undergraduate

• Bachelors

3.) Process of creating a plan of how to spend your money. Allows you to see if you have enough money for the things you want and need.

• Budget

• plan

• saving

4.) The money withheld from one’s paycheck.

• Taxes

• Savings

• Deductions

5.) Something you plan to be, do, or have and are willing to work for it.

• Goal

• Plan

• Action

6.) Free money from the government for college.

• Scholarships

• Loans

• Grant

7.) Earned wages before any deductions are withheld.

• Gross Pay

• Net Pay

8.) Money received from one’s employment, or from other sources

• Income

• Money

• Budget

9.) Money you borrow from the government or bank for college, must be paid back with interest.

• Grant

• Loan

• Scholarship

10.) Federal health insurance for those over 65 years of age or with specific disabilities.

• Social Security

• Medicare