This 'Financial Literacy 9 Weeks Exam' assesses understanding of key financial concepts including credit management, credit scores, and the differences between credit and debit cards. It's designed to enhance financial decision-making skills, crucial for personal financial health.
The person who agrees to take responsibility for a loan in case the person borrowing can't pay it back. They have the borrowers back.
The person who borrows the loan
The person who loans the money.
The person who earns the money.
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Shred documents
Monitor your credit score and any bank activity
File a police report
Do not provide your social security number.
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A legal agreement to borrow money and then MAYBE pay it back later.
A legal agreement to receive cash, goods, or services now and pay for them in the future. A legal agreement to receive cash, goods or services now and pay for them in the future.
A plastic card that has money.
A legal agreement to receive cash, and never have to pay it back. Ever.
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Credit Card
Gift Card
Green Card
Debit Card
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An installment loan is a loan in which the amount of payment and the number of payment are predetermined, like a car loan.
An installment loan is what you get when you install something and need money for it.
An installment loan is a loan that does not have predetermined payments or amounts. You just pay it all off at once.
An installment loan is a loan that does not need to be repaid because you just pay it off with your credit card.
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When someone uses your personal information to open accounts, file taxes, or make purchases.
When someone steals your wallet.
When someone steals your cell phone.
When someone steals your purse.
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Phishing
Fishing
Nemo
Faking
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Cash Money
Federal Tax Return
Bank
Federal Student Loans
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A credit score is a number that helps a lender predict how likely an individual is to repay a loan, or make credit payments on time. A credit score is a number that helps a lender predict how likely an individual is to payback a loan or make a credit payment on time.
A credit score is a number that changes as the elements in a credit report change.
Your birthday X your age X the year X a million / 76
Both A & B are correct.
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A card deducts money directly from a persons checking or savings account to make a purchase.
A card issued by a bank or store allowing the holder to buy goods or services on credit.
A number that determines an individuals credit worthiness.
A card that you buy for a store that has a set amount of money.
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The money comes directly from your checking or savings account so you wont owe anyone any money.
The money isn't YOUR money so it doesn't feel that bad to spend it.
There are never any fees with Debit Cards.
You can pay it back whenever you have the money.
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Stealing someones credit card and using it to make purchases
Using someone else's social security number to rent an apartment
Stealing someone's account number to gain access to their money.
Calling someone from an anonymous phone number.
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Pay any high balances.
Use only what you need to use.
Use your credit card for ALL purchases.
Don't apply for too many credit cards.
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W2
W4
1099
0
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This is probably not the answer.
This could've been the answer, but isn't.
This is the answer.
This just isn't the answer.
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Someone who is unable to pay a debt.
The person or bank to whom the debt is owed
The person who owes money.
The person or bank that borrows the money.
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Deter, Detect, Determine
Deter, Detect, Defend
Dylan, Diego, Damien
Deter, Determine, Describe
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Revolving credit is the type of credit that has a predetermined number of payments and amount, like a car loan.
Revolving credit is the amount of credit you get when you apply for a student loan.
Revolving credit is a type of credit that does NOT have a fixed payment number, like a credit card.
Revolving credit is. It just is.
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W2
1099
W4
1040
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