Econ-Semester 2- Study Guide

Econ-Semester 2- Study Guide

12th Grade

20 Qs

quiz-placeholder

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Econ-Semester 2- Study Guide

Econ-Semester 2- Study Guide

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Hard

Created by

Nicholas Lackey

Used 1+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the two most important factors in calculating your credit score?

Payment history and types of accounts
Payment history and total debt

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Your friend confides in you that he has a low credit score. What is the single best way for him to improve his score?

Make on-time payments
Check his credit score

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who tracks all of your credit information?

Credit reporting agencies (Equifax, Experian and TransUnion)
Federal government

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The federal government makes interest payments on __________ while you’re enrolled in school at least half-time, for the first six months after you leave school, and during any period of deferment.

Subsidized federal loans
Unsubsidized federal loans

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following would show up on a credit report?

Salary of your current job
Credit card payment history

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following statements is TRUE about the value of a college degree?

A high school graduate can expect to earn about the same as a college graduate
A college graduate can expect to earn, on average, more than a high school graduate over a career

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these options lists the types of financial aid from MOST attractive to LEAST attractive?

Grants/Scholarships, Work-study, Federal loans, Private loans
Federal loans, Grants/Scholarships, Work-study, Private loans

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