Money & Credit
What are the three major credit bureaus?
Equifax, Experian, TransUnion
This free application helps students qualify for federal financial aid.
FAFSA
Difference between a home's value and mortgage balance. A. Equity, B. Costs, C. Debt-to-income ratio, D. Loan rate versus home value
A. Equity
This hall of fame player is known as the great one? A. Tom Brady, B. Wayne Gretzky, C. Michael Jordan, D. Randy Moss
B. Wayne Gretzky --- Nicknamed "the Great One", he by the NHL based on surveys of hockey writers, ex-players, and general managers
Which film did not win Best Picture? A. Shakespeare in Love, B. Saving Private Ryan, C. No Country for Old Men, D. Parasite, E. Gladiator
B. Saving Private Ryan (1998) -Lost to Shakespeare in Love
What makes a secured loan different from unsecured? A. They require collateral, B. Require No Credit Check, C. Secure has no interest, D. Secure loans get guaranteed approval
A. They require collateral
This type of financial aid generally does NOT need to be repaid.
What is a Scholarship
This mortgage typically has lower payments but more total interest. A. 15-year fixed, B. 10-year fixed, C. 30-year fixed, D. 20-year fixed
C. 30-year fixed ---> Lower payment but longer= more interest
This hall-of-fame player is the all-time leader in basketball assists for San Diego State? A. John Stockton, B. Magic Johnson, C. Patrick Ewing, D. Tony Gwynn
D. Tony Gwynn --- Tony Gwynn (1978–1981) – 590 assists
How many miles is it from Euless to Berlin (approx.)? A. 4,800, B. 6,500, C. 5,200, D. 3,727
C. 5,200 Euless, Texas to Berlin, Germany is 5,225 miles
The smartest move with high-interest debt? - A. Ignore It, B. Make new purchases, C. Open More Credit Lines, D. Pay it down
D. Pay it down
This document highlights your skills, education, and work experience. -- A. Cover Letter, B. Letter of Interest, C. Resume, D. Job Application
C. Resume
This housing expense can increase even with a fixed mortgage. A. Variable interest rate, B. Property Taxes, C. Fixed HOA costs, D. Higher interest rates
B. Property Taxes --- remember, as my home value goes up, typically so do my property taxes.
This team has never won a Super Bowl or an NFL Championship. A. Cleveland Browns, B. Jacksonville Jaguars, C. Arizona Cardinals, D. Buffalo Bills
B. Jacksonville Jaguars
Who is the only U.S. President to be elected more than twice? A. Ronald Regan, B. Teddy Roosevelt, C. George Washington, D. Franklin Roosevelt
D. Franklin Roosevelt - He was elected to four consecutive terms in 1932, 1936, 1940, and 1944
Debt takes longer to pay if you do this? A. Double your credit limit, B. Stop accruing interest, C. Make all your minimum payments, D. Pay the minimum plus extra
C. Make all your minimum payments
Student-loan repayment mistake that can lead to extra interest costs. A. Paying more than the minimum, B. Paying early, C. Paying only minimums, D. Paying the loan off early
C. Paying only minimums
This can leave a homeowner owing more than the house is worth. A. Negative equity, B. Negative amortization, C. Mortgage refinancing, D. Property value increase
A. Negative equity --- when you owe more than the value of the home. This can happen when home prices drop.
D. Buffalo Bills ----Super Bowls from 1991–1994 (1990–1993 NFL seasons), losing all four.
Approximately how tall in feet is the Empire State Building? A. 1,250, B. 980, C. 1,425, D. 1,350
A. 1,250 --> 1,250 feet (380 meters)
This loan is the riskiest for lenders. A. Secured loan, B. Unsecured loan with good collateral, C. Secured loan with bad credit, D. Unsecured loan with bad credit.
D. Unsecured loan with bad credit.
A financial concept compares education costs with future earning potential. A. Compound Interest, B. Debt-to-income ratio, C. Career Utilization, D. Return on Investment
D. Return on Investment
This can happen if you break a rental agreement. A. Security deposit refund, B. Increase in renters insurance, C. Rental termination fee, D. Increase in credit score
C. Rental termination fee --- remember to read the rental contract. Most rental contracts have a clause that allows you to pay a fee to terminate a lease.
This team has lost the most NBA Finals series. A. Lakers, B. Celtics, C. Cavilers, D. New York Knicks
A. Lakers 17 wins 15 Losses
This is considered the largest and deadliest battle in history. A. Guadalcanal Campaign (1942-43), B. Battle of Stalingrad (1942-43), C. Battle of Hürtgen Forest (1944-45), D. Battle of Berlin (1945)
Stalingrad -- 2 million estimated casualties from July 17, 1942, to February 2, 1943