Closing out old credit cards will _______ your credit score.
What is worsen.
100
A type of loan used to buy a property.
What is a mortgage.
100
money paid regularly at a particular rate
What is interest.
100
Joshua makes $13/hour working as a line cook. He needs to save $3000 in order to buy a car. How many hours will he have to work in order to buy a car?
What is 231 hours.
100
The account that is the most liquid.
What is a checking account.
200
What influences your credit score the most?
What is payment history.
200
Which payment method typically charges you the highest interest rate?
What is a payday loan.
200
What type of account gives you the highest interest rate?
What is a certificate of deposit.
200
Isamar has $370.45 in her account. She has to pay her car payment which is $180.50 and her car insurance which is $225.70. Does she have enough money in her account to cover her bills?
What is no
200
A ___________ is considered an appreciating asset because it will increase in value over time.
What is a house.
300
Making a late payment can _______ impact your credit score.
What is negatively.
300
What type of loan typically offers the lowest interest rate?
What is a federal student loan.
300
What is a bank account that earns interest?
What is a savings account.
300
Brianna makes $43/hour working as a nurse. She works 40 hours per week. She needs to save $20,000 to put a down payment on a house. How many weeks does she have to work in order to buy her house? (assuming there are no deductions taken out of her paycheck and she has no other bills)
What is 12 weeks.
300
Interest that is calculated on the initial principal and also on the accumulated interest of a previous deposit or loan.
What is compound interest.
400
What is the first action step you should take if you suspect that there has been a fraudulent charge on your credit card.
What is contact the credit card company and report the fraudulent charge.
400
If you have a _______ credit score you will have a higher interest rate on a loan.
What is low.
400
A savings account is __________ to access than a checking account.
what is harder.
400
Mike's account balance is $65.80. His paycheck gets deposited in the amount of $425.62. He spends $102.25 at the market and $145.93 at the shoe store. What is his account balance?
What is $243.24
400
Name three payment types that require you to pay upfront.
What is a cashiers check, money order and a pre-paid card.
500
Why is having a good credit score important?
What is it can impact your ability to be approved for bank loans.
500
What is the range of credit scores?
What is 300-850
500
Name two types of savings vehicles.
What is a certificate of deposit and a money market account.
500
Neema makes $17/hour working as a pharmaceutical technician. For every hour she works after 40 hours, she gets time and a half. If Neema works 53 hours how much will her gross pay be at the end of the week?
What is $1,011.50.
500
What type of tax is not deducted on a typical pay stub?