WorksheetsFinancial Literacy 2nd 9 weeks study guide
Total questions: 46
Worksheet time: 1hrs 29mins
The longer the money is invested the better?
True
False
Anything that is purchased with the hope that it will generate income or be more valuable at a future date.
investment
loan
income
expense
The percentage at which interest is charged or paid.
interest
interest rate
budget
cost benefit analysis
Impulse buying is a surefire way for you to do what?
get a deal
find personal contentment
spend less
bust your monthly budget
When you're buying things online, what should you look for first?
a good price
an HTTPS site
good reviews
all of the above
What's the first thing you need to have so you can develop power over purchase?
Cash
A Credit Card
Mobile Pay
A Budget
If you've ever bought something and then felt guilt or regret later, you've experienced _______.
Shopping Guilt
Buyer's Remorse
Spending Sickness
None of these
Identifying a specific product by its logo, jingle, or name is called ______.
Marketing
Consumerism
Brand Recognition
Logo Memory
What is the main goal of a retail customer reward system?
To make customers happy through free products and cash back.
To get customers to spend more money in the long run.
To create wise customers who make smart money decisions.
To help save customers money.
Personal finance is 20% head knowledge and 80% ______.
behavior
attitude
good intentions
motivation
Why should you never buy the extended warranty?
Retail items and products rarely break or malfunction.
You should buy the extended warranty. It is a smart financial decision.
Most retailers will replace or repair the product if it stops working within the first year.
The retailers never keep their promises.
It's okay to make an online purchase if you're on unsecured Wi-Fi, as long as you log off as soon as you're done.
True
False
What is the digital marketing strategy that tracks users across the web?
Retargeting
Native Ads
YouTube Videos
Content Marketing
(6.14G) Which of the following are ways you can pay for college/university? (More than one answer)
Scholarships
Work-Study
Retirement
Loans
Collection Agency
(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
Money owed to lenders or creditors
Income
expense
debt
asset
As an effective marketing strategy, companies pay a lot to...?
Have their products strategically placed in the store.
Get you to dislike their branding.
Confuse you about their product.
Choose a brand similar to theirs.
What is an award letter?
A letter from the Dean of Housing telling your dorm room assignment
A letter from the Academic Advisor with your final grades
A notification of your financial aid award package that you are eligible for
A letter from the Career Planning Center about career opportunities
What is EFC an abbreviation for?
Educational Financial Contribution
Expected Family Contribution
Educational Funding Calculation
Enrollment Fee Calculation
What is the definition of financial aid?
All methods of paying for education/training
Methods of paying for housing
Methods of paying for career planning
Methods of paying for academic advising
A loan for undergraduate students with financial need where interest does not accrue interest while you are in school at least half-time or during deferment periods.
Federal Subsidized Loan
Federal Unsubsidized Lean
Private Student Loan
How long does an Associates Degree take?
4 Years
2 Years
6 Months
1 Year
A college entrance exam that determines college readiness:
(a)
How long does a Bachelor's degree take?
2 Years
5 Years
4 Years
3 Years
If you do not graduate from college you do not have to pay back your student loans?
True
False
A student's concentrated area of study is called:
Classes
Major
Minor
Field of Study
A strong career choice aligns with your________________ .
personal strengths and interests
schedule
parents' interests
friends' same career choice
What is an Undergraduate program?
The academic programs offered to students only interested associate degrees.
The academic programs offered to high school students hoping to go to college.
The academic programs offering associate and bachelor's degrees. .
(College-Level Examination Program) a set of tests that qualify students to earn college credit if they pass them
SAT
ACT
CLEP
STAAR
The percentage of students who finish the program they began.
done rate
degree rate
dropout rate
completion rate
Yes! You can get financial aid even for trade and technical programs
No, you can only receive financial aid at a 2 or 4 year college.
True
False
Who is responsible for processing students' financial aid?
Academic Advisor
Career Planning Center
Financial Aid Office
Dean of Housing
What is the definition of college credit?
A unit of study that counts towards graduation
A unit of study that counts towards financial aid
A unit of study that counts towards housing
A unit of study that counts towards career planning
What is a 529 Plan?
A savings plan for retirement
A savings plan for housing
A savings plan for career planning
A savings plan for future college costs
There are two types of expenses. They are ____________ and _______________. Choose two.
Essential Expenses (things that you need)
iReady expenses
Non-Essential Expenses (things you don't need but spend money on anyways)
