Exam

Question 1

When does FAFSA open up?

Answer 1

October 1st

Question 2

What does FAFSA stand for?

Answer 2

Free Application for Federal Student Aid

Question 3

What is one use for a credit card?

Answer 3

Emergencies (EX: Flat Tire)

Question 4

What is Needed for a debt card?

Answer 4

Checking account

Question 5

What are the 5 C’s of credit?

Answer 5

Character, capacity, collateral, capital, conditions

Question 6

What are the 4 P’s of Marketing?

Answer 6

Place, product, production, price

Question 7

What is the purpose of marketing

Answer 7

To target a audience

Question 8

Two years of college

Answer 8

Associates

Question 9

Four years of college

Answer 9

Bachelor’s

Question 10

Graduate

Answer 10

Masters

Question 11

Post-graduate

Answer 11

PhD

Question 12

Types of health insurance

Answer 12

PPO, HDHP, HMO

Question 13

What to look for when getting an apartment

Answer 13

Amenities, access to highway, price

Question 14

Savings account

Answer 14

Saving money

Question 15

Checking account

Answer 15

For spending

Question 16

Budgeting: Savings

Answer 16

20%

Question 17

Budgeting: Fixed Needs

Answer 17

50%

Question 18

Budgeting: income

Answer 18

30%

Question 19

Budgeting: Daily Expensises

Answer 19

30%

Question 20

Consumer demands MORE of when income INCREASES and less of when income decreases.

Answer 20

Normal Good

Question 21

Consumer demands LESS of when income increases and MORE of when income decreases.

Answer 21

Inferior Good

Question 22

Voice-mail

Answer 22

Who, what, where, why, how, when

Question 23

Loan

Answer 23

Needs to be paid back

Question 24

Scholarship

Answer 24

Doesn’t need to be paid back