Question

Which company is NOT one of the main companies reporting most scores?
Group of answer choices

Retail Credit Company

Equifax

Transunion

Experian

Flag question: Question 4
Question 41 pts
Which of the following defines credit worthiness?
Group of answer choices

How likely you are to repay borrowed money

How much money you earn each year

A formula is used to determine how much money you should have in savings

A formula is used to make sure you have enough money to repay a loan

Flag question: Question 5
Question 51 pts
The _____________ is a consumer protection agency that consumers can use to voice complaints about a company's products or services
Group of answer choices

Better Business Bureau

Federal Bureau of Investigation

Department of Homeland Security

Central Intelligence Agency

Flag question: Question 6
Question 61 pts
What is FAFSA?
Group of answer choices

Free Application for Federal Student Aid

Free Application for Florida Student Aid

Florida College entrance exams

Florida Financial Aid portal

Flag question: Question 7
Question 71 pts
Which payment method is likely to result in the lowest total cost when purchasing an item over time?
Group of answer choices

cash

credit card

rent-to-own

installment payments

Flag question: Question 8
Question 81 pts
All of these are examples of passive income EXCEPT….
Group of answer choices

Weekly paycheck

Rent paid by a tenant in your rental property

Investments

Your YouTube channel ad revenue

Flag question: Question 9
Question 91 pts
How can a poor credit decision affect a monthly budget?
Group of answer choices

It may result in higher interest payments and increased expenses.

It leads to increased savings and returns.

It usually has no impact on the budget.

It guarantees financial security and investments.

Flag question: Question 10
Question 101 pts
Which of the following is NOT a reason lenders charge interest?
Group of answer choices

To teach borrowers about money

To compensate for the risk of lending money

To make a profit

To protect against inflation

Flag question: Question 11
Question 111 pts
Which of the following is a special savings accounts designed to save money for when you stop working? 401(k)s are an example of these types of accounts.
Group of answer choices

retirement accounts

high yield savings accounts

crypocurrency

real estate funds

Flag question: Question 12
Question 121 pts
Which of the following is the BEST example of a secured debt?
Group of answer choices

Mortgage

Student loans

Credit cards

Medical bills

Flag question: Question 13
Question 131 pts
Which type of savings account has significantly higher interest rates compared to other savings accounts?
Group of answer choices

High-yield savings accounts

certificate of deposit

money market accounts

marktet deposit accounts

Flag question: Question 14
Question 141 pts
What is the Labor Market?
Group of answer choices

The availability of employment and labor

A centralized system where all employers and employees list availability

The scarcity of jobs

The database listing wages for various careers

Flag question: Question 15
Question 151 pts
Saving a portion of your income can help you achieve your financial goals. Which of the following is NOT a reason to save money?
Group of answer choices

increased anxiety

retirement planning

build generational wealth

ability to make lifestyle choices

Flag question: Question 16
Question 161 pts
What do we mean by return on investment in terms of careers?
Group of answer choices

How much will training/education cost compared to the possible future pay increase.

The cost of the training or education

The amount of money you will earn if you switch careers

How much income you could lose by taking the training or education

Flag question: Question 17
Question 171 pts
Credit cards have​ ___________ instead of term lengths.
Group of answer choices

minimum monthly payments

maximum secured debt

minimum purchase allowance

lower interest rates

Flag question: Question 18
Question 181 pts
Which account allows you to write checks or use your debit card to pay for items?
Group of answer choices

Answer 1

Here are the correct answers in order:

- Which company is NOT one of the main companies reporting most scores? — Retail Credit Company
- Which of the following defines credit worthiness? — How likely you are to repay borrowed money
- The _____________ is a consumer protection agency that consumers can use to voice complaints about a company's products or services — Better Business Bureau
- What is FAFSA? — Free Application for Federal Student Aid
- Which payment method is likely to result in the lowest total cost when purchasing an item over time? — Cash
- All of these are examples of passive income EXCEPT…. — Weekly paycheck
- How can a poor credit decision affect a monthly budget? — It may result in higher interest payments and increased expenses.
- Which of the following is NOT a reason lenders charge interest? — To teach borrowers about money
- Which of the following is a special savings accounts designed to save money for when you stop working? 401(k)s are an example — Retirement accounts
- Which of the following is the BEST example of a secured debt? — Mortgage
- Which type of savings account has significantly higher interest rates compared to other savings accounts? — High-yield savings accounts
- What is the Labor Market? — The availability of employment and labor
- Which of the following is NOT a reason to save money? — Increased anxiety
- What do we mean by return on investment in terms of careers? — How much will training/education cost compared to the possible future pay increase.
- Credit cards have ___________ instead of term lengths. — Minimum monthly payments
- Which account allows you to write checks or use your debit card to pay for items? — Checking account