Exam Flashcards
When does FAFSA open up?
October 1st
What does FAFSA stand for?
Free Application for Federal Student Aid
What is one use for a credit card?
Emergencies (EX: Flat Tire)
What is Needed for a debt card?
Checking account
What are the 5 C’s of credit?
Character, capacity, collateral, capital, conditions
What are the 4 P’s of Marketing?
Place, product, production, price
What is the purpose of marketing
To target a audience
Two years of college
Associates
Four years of college
Bachelor’s
Graduate
Masters
Post-graduate
PhD
Types of health insurance
PPO, HDHP, HMO
What to look for when getting an apartment
Amenities, access to highway, price
Savings account
Saving money
Checking account
For spending
Budgeting: Savings
20%
Budgeting: Fixed Needs
50%
Budgeting: income
30%
Budgeting: Daily Expensises
30%
Consumer demands MORE of when income INCREASES and less of when income decreases.
Normal Good
Consumer demands LESS of when income increases and MORE of when income decreases.
Inferior Good
Voice-mail
Who, what, where, why, how, when
Loan
Needs to be paid back
Scholarship
Doesn’t need to be paid back
