Exam Part 2 Flashcards
0
Q
The government protects customers of licensed banks for up to:
A
250,000
1
Q
Which of the following is income and should be considered part of your budget?
A
All the above.
2
Q
The money you borrow is called the:
A
Principal
3
Q
If a person files for bankruptcy, chapter 7 will allow someone to _____.
A
Eliminate their debt.
4
Q
When opening a new checking account, which of the following will you need to bring with you to the bank?
A
Cash or check made to you
5
Q
Admittance into the U.S. coast guard academy is based on which of the following?
A
Personal merit.
6
Q
What types of people attend officer candidate schools (OCS) or officer training schools (OTS)?
A
Graduates from traditional four-year colleges or universities.
