Credit Fundamentals
What type of card impacts your credit history?
Credit card
During which stage of your career are your earnings likely to be at their lowest level?
Education and training
What government programs are designed to help people who are having difficulty affording health insurance?
Medicaid and Children's Health Insurance Program (CHIP)
Why would you possibly not be able to use the money from a check that you just deposited in a checking account?
The deposit is still pending
What is the place where investments are bought and sold called?
The stock exchange
What action could help improve your credit history?
Always pay your credit card bill on time
What do you call the beliefs you have about what is important in life that guide how you spend, save, and invest?
Financial values
Choosing a health insurance plan should not just be based on how much it costs. You should also take into consideration what?
Your medical care needs
What can a transaction only be?
A deposit or a withdrawal
What is a dividend?
A payment you receive from a company's profit when you own stock shares in that company
What is the definition of the grace period?
The time between when you make a purchase using a credit card and the date when the credit card company begins charging you interest
What are taking a break from social media, getting some exercise, talking with a trusted person, and avoiding drugs and alcohol examples of?
Things you can do to reduce stress over time
What should you check to see if your doctor is when trying to have your health insurance help cover most of your medical costs?
In-network
What is not a suspicious email characteristic?
Emails claiming to be from government offices
What does investing in mid-cap and large-cap companies mean?
Anticipating steadier growth over time
Why is it important to find a credit card with a lower APR?
A lower APR means you pay less in interest
What do people learn about finances from their parents, even if they don't have any formal instruction?
Behaviors and attitudes about money
To make sure that you are able to afford your medical care, what is one thing you should check before seeing a doctor?
Verify insurance coverage
What is not a common tactic scammers use to get their victims to authorize payments?
Physical aggression
What does a financial advisor do?
Offer financial and investment guidance
Why do lending and credit card companies use a borrower's Social Security number when opening an account?
To protect against fraud
What financial topic is most important to discuss with your family before you turn 18?
Education or certifications after high school
There are tax-advantaged medical savings accounts that can help pay for healthcare costs. What best describes a tax-advantaged medical savings account?
They allow you to take untaxed money out of your paycheck and deposit it into your account
What feature is not important when comparing P2P apps and services?
Data plan rates
Why is working with a financial advisor beneficial?
They can help you plan for retirement