1
Which of the following is a key factor in determining your credit score?
Length of credit history
What does APR stand for in credit card terminology?
Annual Percentage Rate
What is the recommended credit utilization ratio?
Below 30%
What is gross income?
Total income before deductions
What is a 401(k)?
A retirement savings plan sponsored by an employer
What does 'liquid assets' mean?
Assets that can be quickly converted to cash
What is the purpose of an emergency fund?
To cover unexpected expenses
What is a credit score range?
300-850
What is depreciation in financial terms?
Decrease in asset value over time
Which of the following is the most healthy way to build self-esteem?
Developing personal skills and setting achievable goals
What characterizes an effective communication style in relationships?
Active listening and empathy
What is a key indicator of mental health stability?
Ability to manage stress effectively
In a functional family dynamic, which communication pattern is most healthy?
Open and respectful dialogue
How can an individual best manage a personal crisis?
Seeking professional guidance
What demonstrates a healthy self-concept?
Recognizing personal strengths and areas for growth
Why are consumer rights important? Why should consumers be aware of their rights?
Encourage businesses to be transparent about their products and services, ensuring that consumers receive accurate information about what they are purchasing. This transparency enables buyers to make informed choices, thereby promoting fair competition among businesses
When experiencing a conflict with a close friend, which approach is most likely to lead to a constructive resolution?
Listening actively and seeking to understand their perspective
What demonstrates a healthy self-concept?
Recognizing personal strengths and areas for growth
Which approach best supports maintaining healthy relationships?
Mutual respect and trust
How can one effectively manage work-life balance?
Prioritizing self-care
What is an HSA (Health Savings Account)?
A tax-advantaged account for medical expenses
How do consumer rights differ from consumer responsibilities?
Consumer rights are protections given to consumers by the U.S. government. Consumer responsibilities are procedures followed by consumers to accept their protected rights.
How does being a responsible family member relate to being a responsible citizen?
Being responsible relates to a good citizen because it includes civic duties, kindness, empathy and community involvement
What is the relationship between developmental tasks and the needs of individuals?
The relationship is that performing tasks appropriate for your developmental stage will assist you in becoming more independent when doing tasks later in life.
Which term describes the amount you pay out-of-pocket before insurance kicks in?
Deductible