A free website service in North Carolina that helps students plan, apply, and pay for college, and can be used before, during, and after a student is in college.
What is CFNC?
100
A binding document that is signed by a tenant to state they agree to pay a certain amount of money each month in order to live in a place. This cannot be easily broken!
What is a Lease?
100
Governments cannot operate without revenue, so most charge this, which is based on how much money you earn in a year. There are 2 types that people pay, Federal and State.
What are Income Taxes?
100
This is an account at the Bank that you open, and the bank pays you interest on the money that you keep in this account. Watch out though, some banks may require a minimum balance or limit the number of transactions you can have with this account per month.
What is a Savings Account?
100
This was adopted on July 4, 1776
What is the Declaration of Independence?
200
An achievement test that has up to 5 components, that measures what students have learned in high school.
What is the ACT?
200
A brief account of a persons education, qualifications, and previous experience. This is typically sent to employers to supplement a job application.
What is a Resume?
200
This is the income tax form for Single and Joint filers with no Dependents (Children), and make less that $100,000 a year.
What is a 1040 or 1040ez?
200
Typically created using a spreadsheet, and provides a concrete, organized, and easily understood breakdown of how much money you have coming in and how much you are spending.
What is a Budget?
200
This document sets up the government, defines the government, and protects the basic rights of Americans.
What is the Constitution?
300
An academic degree that is earned for an undergraduate course of study.
What is a Bachelor Degree?
300
A document that accompanies a resume to provide additional information on your skills, and experience. It gives more detailed information on why you are qualified for the job you are applying for.
What is a Cover Letter?
300
In the US this is a federal insurance program that provides benefits to retired people, and those who are unemployed or disabled. The money is automatically collected from employees paychecks, and when you retire you receive a certain amount, which is based on you income and how much you put into the system.
What is Social Security?
300
In exchange for funds received by the home buyer for a property, a lender gets this signed as a promise by that buyer to pay back the funds within a certain time frame and for a certain cost.
What is a Mortgage?
300
The first Ten Amendments to the Constitution.
What are the Bill of Rights?
400
On a college campus this person is knowledgeable of the requirements of academic programs, and monitor students progress toward degree completion.
What is an Academic Advisor?
400
This is a person who can be a financial coach for people. With their expertise and guidance they can help you identify and achieve specific lifestyle goals.
What is a Financial Planner?
400
It is mandated by the U.S. Constitution and takes place very 10 years. The data collected by this determines the number of seats each state has in the U.S. House of Representatives, and is also used to distribute billions of dollars in federal funds to local communities.
What is the U.S. Census?
400
A three digit number calculated from your data-rich credit report and is a factor used by lenders to determine your creditworthiness for a loan, mortgage, or credit card. This can affect whether or not you are approved as well as what interest rate you are charged.
What is a Credit Score?
400
The Declaration of Independence announced, declared, and said that the United States was free from what country?
What is Great Britain?
500
A time period where students go to see their Professors for extra help or to discuss assignments or exams.
What are Office Hours?
500
These are tools that employers use to attract and retain qualified personnel for their organizations. Sometimes they can be daycare funds, tuition reimbursement, profit sharing, and higher education funding.
What are (Employee) Benefits?
500
A "debt security" that is issued by the federal government. This means a person buys this for a certain amount of money from the bank as a way to give the bank money that it needs. After so many years this can be cashed for the money it was bought with and the interest it has accrued.
What is a Savings Bond?
These are bought and registered with the Treasury Department, and a person must wait at least 6 months to cash them to get the money plus interest earned.
500
The interest rate for a whole year, rather than just a monthly fee/rate, as applied on a loan, mortgage loan, credit card, etc. It is a finance charge expressed as an annual rate.
What is an Annual Percentage Rate (APR)?
500
This is a process, not a place. This process consists of the selection of the electors, the meeting of the electors where they vote for President and Vice President, and the counting of the electoral votes by Congress. This consists of 538 electors. A majority of 270 electoral votes is required to elect the President.